How could we modify the system to eliminate

Assignment Help Business Economics
Reference no: EM135568

Jane works part-time and earns $12,000 per year. Because she is below the poverty line, she also earns $4,000 in various welfare benefits. Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits. This is what is known as a "notch". Explain what is happening with Jane and how could we modify the system to eliminate the notch.

Reference no: EM135568

Questions Cloud

Excise tax is levied on the buyers of a good : Excise tax is levied on the buyers of a good, then after the tax buyers will pay for each unit of the good.
Least squares method for estimating industry demand : Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
Operating expenses and no depreciation allowance : Willie will receive all his operating expenses, and in addition will receive $2,000 each year for the decline in value of the automobile.
Clearing and settlements clients of Bank of New York : In Managerial Economics, Applications, Strategy, and Tactics, if contract promises were not excused because of acts of war, would the clearing and settlements clients of Bank of New York change their behaviour
How could we modify the system to eliminate : Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
Calculate marginal revenue from demand : Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
Population of wolves migrates north in search of food : About how long at the earliest is it likely to take before he gets feeling back in that part of thumb. Give two reasons that the wolf population is not at Hardy-Weinberg equilibrium.
Point of tangency that characterizes : Suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs at Q1 units of output.
What is the possibility that their first child : What is the possibility that their first child will have attached earlobes. which among the conditions or substances do ALL archaeans need for survival and reproduction.

Reviews

Write a Review

Business Economics Questions & Answers

  Disposable personal income equals personal income

Disposable personal income equals personal income and two factors are the keys to determining labour productivity

  Air transport for businesspeople and tourists

Air transport for businesspeople and tourists

  Aggregate demand and supply

The vertical long run AS curve compatible with classical economics implies that AD only determines the price level

  Draw a graph of the market for chewing gum

Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.

  Determine cost to government of buying firms unsold units

Determine the cost to the government of buying firms unsold units

  The benefit of cutting down a forest

The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.

  Examine the key factors affecting the demand

Examine the key factors affecting the demand for and the supply of a good or service

  Calculate the price elasticity of demand for newtons donuts

Calculate the price elasticity of demand for Newton's Donuts

  Elucidate new demand curve

Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.

  Nakamura is considering two alternative expansion proposals

Hero Nakamura is CEO of the Cola King Bottling Company a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals

  Reserve requirements of top commercial banks

The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd