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Please help with these T and F questions? 1. [3] The efficient set of possible state tax portfolios consists of those with the maximum growth

Please help with these T and F questions?

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1. [3] The efficient set of possible state tax portfolios consists of those with the maximum growth rate for a given level of instability (variability), or alternatively, the minimum level of instability for a given growth rate. 2. [3] According to Oreopoulous and Salvanes (2011), the more educated people are, the more likely they are to report they are happy with their life. However, this increased happiness is due entirely to differences in income. 3. [3] An LLC can also be an S-corporation. 4. [3] The state Guaranteed Tax Base (GTB) formula for education ensures that local spending on education will be equalized across localities within the state. 5. [3] The poverty rate calculated on the basis of consumption will be lower than one which is calculated on the basis of income. 6. [3] The Temporary Assistance to Needy Families (TANF) program is administered by the states. 7. [4] Suppose an individual currently receives $100 in SNAP benefits. Now suppose the SNAP benefit is replaced with $100 in cash assistance instead. This individual will be better off (have greater utility) with $100 in cash assistance than s/he did with $100 of SNAP benefits [assume the individual has typical indifference curves (not horizontal or vertical)]. 8. [3] Most of the gap in employment rates (Employment/Population) between low- and moderate-income (LMI) communities and higher income communities is due to a greater share of residents in LMI communities who are neither working nor looking for work. 9. [3] In the U.S. government's official definition of poverty, the value of public assistance, such as SNAP, Medicaid, and SNAP, are included in income when determining how many people are living in poverty

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