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A means-tested program 0 gives you more government support if your income is higher. 0 gives you less government support if your income is higher.

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A means-tested program 0 gives you more government support if your income is higher. 0 gives you less government support if your income is higher. I 0 only grants eligibility to average workers. 0 requires that people pass a battery of tests to prove eligibility. Jones, who is currently unemployed, is a participant in three means-tested welfare programs: food stamps, rent stamps, and day care stamps. Each program grants him $150 per week in stamps, which can be used like cash to purchase the good or service they cover. Suppose benefits in each program are reduced by 30 cents for each additional dollar Jones earns in the labor market. That is, if he earns $1 working, he will lose $0.90 worth of benefits. X He will only make more money if the job he takes pays more than $100 a week. Otherwise, he makes less money. O If he takes a job that pays $120 per week, he will make more money overall. If he takes a job that pays $120 per week, he will make exactly the same amount of money overall. If he takes a job that pays $120 per week, he will make less money overall.Jones, who is currently unemployed, is a participant in three means-tested welfare programs: food stamps, rent stamps, and day care stamps. Each program grants him $150 per week in stamps, which can be used like cash to purchase the good or service they cover. If benets in each program are reduced by 30 cents for each additional dollar Jones earns in the labor market, how will Jones's economic position change if he accepts a job paying $120 per week? He will make an additional $_ per week if he takes the job. X 108 The CARES Act was signed into law in March 2020. It provides for Economic Impact Payments to American households of up to $1,200 per adult for individuals whose income was less than $99,000 (or $198,000 for joint lers) and $500 per child under 17 years old or up to $3,400 for a family of four. These individual payments could be considered 0 a form of universal guaranteed income. 0 an earned-income tax credit. X 0 an in-kind transfer. 0 a minimum wage

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