Question

Your textbook notes a new form of policy experiment that would provide everyone with a guaranteed income called:_______

Answer 1

Your textbook notes a new form of policy experiment that would provide everyone with a guaranteed income called Universal Basic Income.

Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status. The purpose of UBI is to prevent or reduce poverty and increase equality among citizens.

The country whose system most closely resembles universal basic income is Norway. Norway is a welfare state, ensuring that all Norwegian citizens residing in the country have access to education, universal health care, and income in the form of social security or benefits.

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