Answer: C. Americans receive a guaranteed minimum income from the federal government.
Explanation:
Known as the Universal Basic Income, this proposal will see every American getting a guaranteed basic wage from the government regardless of if they are employed or not.
Some experts fear this will make Social Security payments less secure because the money used for Social Security might be diverted towards the Universal Basic Income and also people might not see the need for Social Security if there is already a basic income.
Answer: the primary qualitative characteristic that is being violated is called completeness.
Explanation:
When in accounting we talk about faithful representation we state that it should show what really are present and what really happened, as the case may be. There are three characteristics of faithful representation: 1. Completeness (adequate or full disclosure of all necessary information), 2. Neutrality (fairness and freedom from bias), and 3. Free from error (no inaccuracies and omissions).
Answer:
option d ==> go into effect without passage of new legislation.
Explanation:
In order to be able to answer this question correctly let us check out the meaning of some important terms in the question (that is the fiscal policy and automatic stabilizers);
(1). Fiscal policy: fiscal policy is the method used by governments in order to make the economy of a state or country stable by making sure they control the way the government go about the policies concerning taxation and how Governments are going to be spending which help in fighting recession.
(2). Automatic stabilizers: automatic stabilizers are stabilizers that are part of the budget and they are solely for decreasing the amount or rate of taxes especially during recession.
==> Automatic stabilizers in fiscal policy do not need new law or legislation to be passed or would there be a need for the congress to vote for it to take effect.