Which of the two views should it support

Reference no: EM131205312

There are two senior advisors to the government, A and B, both of whom agree that the poverty line is at $4,000 for a single person. However, they have different equivalence scales. Mr. A believes that the scale factor in determining equivalent income should be 0.25 for each additional family member. Mrs. B suggests that the scale factor should be 0.75.

a. Find the poverty line for families of two, three, and four under both values of the scale factors 0.25 and 0.75.

b. Explain how Mr. A and Mrs. B must have very different views about income sharing within a family to end up with such different answers.

c. Suppose that the government is committed to providing welfare eligibility to every family below the poverty line. If this government wishes to keep total spending to a minimum, which of the two views should it support?

Reference no: EM131205312

Questions Cloud

Identify and discuss key strategic issues for organization : Identify and discuss key strategic issues for the organization. - Apply course concepts in analyzing Starbuck's external environment and internal situations, decisions, and strategic fit.

Performance estimates for those algorithms : What are the Big-O performance estimates for those algorithms? When is a linked list a good representation of a stack or a queue?

Uneasy about the cost reports : The company’s president is uneasy about the cost reports, what can be the reason?

Explain what a data breach is : Explain what a data breach is. Include a summary of legal and criminal issues related to data breaches. Support your explanation using at least two real-life examples of data breaches. Include citations from each of this module's readings.

Which of the two views should it support : Suppose that the government is committed to providing welfare eligibility to every family below the poverty line. If this government wishes to keep total spending to a minimum, which of the two views should it support?

Program to simulate the operation of the simmac : CISC 640 - OS Problem Set - Write three programs in the machine language of the SIMMAC that will total the numbers stored in 20 different locations and place the result in a single location.

The entry to record the customer returning : Horner Auto Supply originally sold $275 of goods to a charge customer. The entry to record the customer returning $125 of these goods is debit Sales $125 and credit Accounts Receivable $125. debit Sales Returns and Allowances $150 and credit Accounts..

Consumer confidence unexpectedly rises : Suppose that consumer confidence unexpectedly rises six months before the central bank detects the change or its magnitude. What happens to inflation and output in that six-month interval? How does monetary policy return the economy to long-run eq..

Evaluate alternatives to the company self-hosting the site : Discuss what it will take to build a Web architecture, move an existing Website with minimal downtime, and provide a disaster recovery solution to ensure the site is always available.

User Account

All Pages