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22. Which statement is false? (LO6, 7) 2 a) The poor pay higher prices to buy groceries, furniture, and appliances. b) Low-income families can pay

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22. Which statement is false? (LO6, 7) 2 a) The poor pay higher prices to buy groceries, furniture, and appliances. b) Low-income families can pay over $500 more for the same car bought by a higher-income household. c) The poor pay higher interest rates than people with higher incomes. d) Very few poor people can claim the Earned Income Tax Credit. 23. The Earned Income Tax Credit is (LO6) a) a form of welfare b) a refund check paid to the working poor by the Internal Revenue Service c) a very minor form of government aid to the poor d) opposed by both liberals and conservatives 24. The superrich get most of their income from (LO3) a) rent, interest, and profits b) wages c) illegal transactions d) real estate investments

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