Temporary assistance for needy families

Assignment Help Business Economics

Reference no: EM131241030

Temporary Assistance for Needy Families(TanF)

Consider an income guarantee program with an income guarantee of $5,000 and a benefit reduction rate of 40%. A person can work up to 2,000 hours per year at $10 per hour. 1. Draw the person’s budget constraint with the income guarantee. Be sure to place appropriate labels similar to those found in the slides/lecture. 2. Suppose that the income guarantee rises to $7,500 but with a 60% reduction rate. Draw the new budget constraint. Make sure it is visible. 3. Which of these two income guarantee programs is more likely to discourage work? Explain briefly.

Reference no: EM131241030

Questions Cloud

Metals and thermoplastics used for weather stripping-seals : Pantheleon Ad produces a hot melt adhesive that provides a strong bond between metals and thermoplastics used for weather stripping, seals, gaskets, hand grips for tools, appliances, etc. ACA claims that by eliminating a primer coat, manufacturers ca..

What is its range in meters : A projectile is launched at some speed at an angle of15 degrees above the horizontal. It's range is at15 degrees is 58 meters. If the projectile is launched at the same speed at75 degrees, what is its range in meters?

Determine the diameter of the pipe : he fluid level in the open tank is 150 ft below that in the closed tank. Determine the diameter of the pipe. Neglect minor losses.

Use a three step tree to calculate the value of the bond : What difference does it make to the value of the bond and the value of the conversion option if the bond is callable any time within the first 2 years for $115?

Temporary assistance for needy families : Consider an income guarantee program with an income guarantee of $5,000 and a benefit reduction rate of 40%. A person can work up to 2,000 hours per year at $10 per hour. Draw the person’s budget constraint with the income guarantee. Be sure to place..

What is the expected growth rate in the price of gold : Suppose that the market price of risk for gold is zero. If the storage costs are 1% per annum and the risk-free rate of interest is 6% per annum, what is the expected growth rate in the price of gold? Assume that gold provides no income.

Determine the loss coefficient for the gauze : Air flows through the fine mesh gauze shown in Fig. P14.18 with an average velocity of 1.50 m/s in the pipe. Determine the loss coefficient for the gauze.

What is the minimum plate separation : Suppose we want to use this dielectric to construct a 0.4 µF capacitor that can withstand a potential difference of 2200 V. The permittivity of free space is 8.85 ×10-12 C2/N · m2. What is the minimum plate separation? Answer in units of µm.

What is the volatility of the second security : The expected returns from the securities are 8% and 12%. The volatility of the first security is 15%. The instantaneous risk-free rate is 4%. What is the volatility of the second security?

User Account

All Pages