Which of the following statements is not correct?
| a. Two key elements of welfare reform are work requirements and limiting the time that recipients can receive benefits. | | |
| b. The Earned Income Tax Credit (EITC) is very similar to a negative income tax. | | |
| c. Minimum wage laws will likely increase unemployment. | | |
| d. The elderly are more likely to be poor than single mothers. | |
Welfare reforms are devised in such a way by the government so as to provide welfare for long term benefits of economic development , with the two key elements as mentioned . Negative income tax is the money credited as allowances to a taxed income, and paid as benefit when it exceeds debited tax . Minimum wage laws are like price floors below which wages are not allowed to fall , so labour demand is lower than supply , hence ususally creates unemployment . Poverty depends on many factors such as income , skill level , savings done etc . So the elderly are more likely to be poor than single mothers cannot be ascertained .
Answer : The elderly are more likely to be poor than single mothers .
Homework Sourse
