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Author Question: Welfare payments _____. a. often increase the marginal cost of being employed b. often decrease ... (Read 38 times)

jrubin

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on: Jul 1, 2018
Welfare payments _____.
 
  a. often increase the marginal cost of being employed
  b. often decrease the marginal cost of being employed
  c. have led to a tremendous decline in poverty since 1968
   d. have no relationship to the marginal cost of being employed

Question 2

There are only two goods for John to consume: food and clothing. If clothing is an inferior good for John when his income rises to 100,000, then food is
 
  A) also an inferior good.
  B) a normal good.
  C) Either inferior or normal could be possible.
  D) Not enough information


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dmurph1496

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

B


jrubin

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Reply #2 on: Jul 1, 2018
Thank you :)


dmurph1496

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Reply #3 on: Jul 1, 2018
Happy to help you


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