Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%. A person can work up to 2,000 hours per year at $10 per hour. a. Draw the person's budget constraint with the income guarantee. (10 points) b. Suppose that the income guarantee rises to $9,000 but with 75% reduction rate. Draw the new budget constraint. (10 points) c. Which of the two income guarantee programs is more likely to discourage work? Explain. (5 points)