Asked by mahesh likhe on Jun 20, 2024
Verified
_____ programs are designed to provide benefits to people whose income falls below some minimum.
A) Means-tested
B) Relative income
C) Absolute income
D) Nominal income
Means-Tested Programs
Governmental assistance programs that provide benefits only to individuals or families whose incomes fall below a certain level.
Minimum Income
A level of income deemed necessary for a person to live on; often related to proposals for a guaranteed minimum income by governments.
- Clarify the aspects and consequences of both means-tested and non-means-tested welfare provisions.
Verified Answer
GC
Gillian ClymerJun 23, 2024
Final Answer :
A
Explanation :
Means-tested programs are designed to provide benefits to people whose income falls below some minimum. This means that eligibility for the benefits is determined by the person's income and other financial resources. In contrast, relative income programs are designed to provide benefits to people who have lower incomes relative to others in their society, while absolute income programs provide benefits to all people who fall below a certain income threshold, regardless of their specific financial circumstances. Nominal income refers to the actual dollar amount of income, without adjusting for inflation.
Learning Objectives
- Clarify the aspects and consequences of both means-tested and non-means-tested welfare provisions.
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