Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose a single parent can work up to 16 hours per day at a wage rate of $10.00 per hour. Various income maintenance programs have been developed to assure a minimum level of income for low-income families, such as Aid to Families with Dependent Children (AFDC). One of the problems with AFDC is that benefits were reduced by $1 for every dollar earned, which creates a no-work incentive for those who are eligible. An alternative income maintenance program is Temporary Assistance for Needy Families (TANF), which also offers a no-work benefit but a smaller reduction in wages for every dollar earned. The subsidy ends when the money income with program participation equals the moneyincome earned without the program. A simplified version of this type of program is one that would give this single parent a $40 grant accompanied by a benefit reduction of 75 cents for every dollar earned.a. Draw the daily budget constraint without any program participation for the single parent described above.b. On the same graph, draw the daily budget constraint under TANF for the single parent described above. At what level of money income does the subsidy end? How many hours of work would this be? Discuss the effect of program participation on work incentives.c. On the same graph, draw the daily budget constraint under AFDC for the single parent. According to AFDC, the family was given an income subsidy depending on family size and the family's benefit was reduced by $1 for every dollar earned. Suppose the maximum subsidy forthe single parent is $40.d. Compare the effect of the TANF program on work incentives compared to the AFDC program
Re-draw a money demand and money supply diagram showing the initial conditions and label as point A and
For each restaurant, write profit as a function of Px and Py and find the best response functions of the two restaurants.
Dave is employed by a corporation that currently pays him $65,000 a year. He owns a new car that he bought for cash of $32,500. Dave is thinking about returning to school to get a law degree.
Explain why do people who work at investment banks earn so much. What is the justification for capital requirements imposed by bank regulators.
If the reasons for the EU's high structural unemployment are so obvious, why not governments relaxing strict labor laws and reducing social charges levied on employers.
Describe the following from an economic perspective and give numerical examples:
What are the advantages and disadvantages of breaking up these sport cartels? Explain.
You have the alternative of leasing an asset for $100,000 a year, with payments to be made at the end of each year of use. This lease cannot be cancelled.
Describe by what percentage would a 10% rise in the price reduce the quantity demanded, assuming price elasticity remains constant along the demand curve.
Although economists speak as if economic growth is necessarily a good thing, many question the sustainability and even morality of ever raising economic growth.
From each pair of goods, pick the good for which demand will most likely be more elastic:
Henry, a resident of Nevada, sued Adam, a resident of Utah, in the federal court of California. He sought $60,000 damages for personal injuries arising from an automoblie accident that occurred in Los Angeles, California.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd