Question 1

The maximum amount of EITC benefit in 2012 was?

Accepted Answer

A)  $6090 
B)  $2398 
C)  $104 
D)  $5236 
A)  $6090 
B)  $2398 
C)  $104 
D)  $5236

Question 2

Enrollment in the Medicaid program

Accepted Answer

A)  is designed for those persons 65 years of age and older. 
B)  has increased due to expanded eligibility. 
C)  covers all medical expenses that a poor person may incur. 
D)  requires a substantial co-payment that has not been helpful to poor families. 
A)  is designed for those persons 65 years of age and older. 
B)  has increased due to expanded eligibility. 
C)  covers all medical expenses that a poor person may incur. 
D)  requires a substantial co-payment that has not been helpful to poor families.

Question 3

Which is the largest cash transfer program for the poor?

Accepted Answer

A)  TANF 
B)  Medicare 
C)  SSI 
D)  Medicaid 
A)  TANF 
B)  Medicare 
C)  SSI 
D)  Medicaid

Question 4

One of the changes in the welfare system of the United States that occurred in 1996 was a move to block grants for states.What advantage(s)might a block grant system allow?

Accepted Answer

Since participation in different states

Question 5

Crowding out can occur when public insurance crowds out private insurance.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 6

All of the following are in-kind benefit programs,except

Accepted Answer

A)  food stamps. 
B)  Medicaid. 
C)  energy assistance. 
D)  SSI. 
A)  food stamps. 
B)  Medicaid. 
C)  energy assistance. 
D)  SSI.

Question 7

The average food stamp payment in 2010 was?

Accepted Answer

A)  $150 
B)  $435 
C)  $0 
D)  $287 
A)  $150 
B)  $435 
C)  $0 
D)  $287

Question 8

The Earned Income Tax Credit (EITC)

Accepted Answer

A)  provides more income to those people on welfare. 
B)  is a tax on low income workers. 
C)  provides additional tax credits to low income workers. 
D)  is a tax break for the wealthiest Americans. 
A)  provides more income to those people on welfare. 
B)  is a tax on low income workers. 
C)  provides additional tax credits to low income workers. 
D)  is a tax break for the wealthiest Americans.

Question 9

Social Security Income (SSI)is available for all,except

Accepted Answer

A)  aged. 
B)  immigrants. 
C)  blind. 
D)  disabled. 
A)  aged. 
B)  immigrants. 
C)  blind. 
D)  disabled.

Question 10

The gross replacement rate is typically 95% of pretax earnings.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 11

The scope of the EITC program changed dramatically in

Accepted Answer

A)  1963. 
B)  1983. 
C)  1993. 
D)  1996. 
A)  1963. 
B)  1983. 
C)  1993. 
D)  1996.

Question 12

A needy family consisting of a mother and three children currently receives cash benefits that average $12 per day.The mother of this family is allowed to earn an average of $4 per day before her benefits begin to decline.After that,for each dollar earned,cash benefits decline by 67 cents for each dollar earned.Assume that she can find work at $4 per hour.How many hours will she have to work per day before her benefits are eliminated?

Accepted Answer

Cash benefits decline by $0.67 per dolla

Question 13

Consider a negative income tax.As discussed in your textbook,under the negative income tax,each person is entitled to a grant of G dollars per month.For every dollar the person earns,the grant is reduced by t dollars.Suppose G = 200 and t = 0.40.Consider an individual whose hourly wage is $10.There are 30 days in a month (so T is 720).Sketch the budget constraint before and after the introduction of a negative income tax.

Accepted Answer

The answer of Consider a negative income tax.As discussed in...

The maximum amount of EITC benefit in 2012 was?

Enrollment in the Medicaid program

Which is the largest cash transfer program for the poor?

One of the changes in the welfare system of the United States that occurred in 1996 was a move to block grants for states.What advantage(s)might a block grant system allow?

Crowding out can occur when public insurance crowds out private insurance.

All of the following are in-kind benefit programs,except

The average food stamp payment in 2010 was?

The Earned Income Tax Credit (EITC)

Social Security Income (SSI)is available for all,except

The gross replacement rate is typically 95% of pretax earnings.

The scope of the EITC program changed dramatically in

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

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Exam 13: Expenditure Programs for the Poor

The maximum amount of EITC benefit in 2012 was?

Enrollment in the Medicaid program

Which is the largest cash transfer program for the poor?

One of the changes in the welfare system of the United States that occurred in 1996 was a move to block grants for states.What advantage(s)might a block grant system allow?

Crowding out can occur when public insurance crowds out private insurance.

All of the following are in-kind benefit programs,except

The average food stamp payment in 2010 was?

The Earned Income Tax Credit (EITC)

Social Security Income (SSI)is available for all,except

The gross replacement rate is typically 95% of pretax earnings.

The scope of the EITC program changed dramatically in

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters