The number of families receiving assistance under TANF had dropped by 50 percent within five years of its enactment.
Temporary Assistance for Families in Need is a US government assistance program. It began on July 1, 1997 and followed aid to the Dependent Children Program, which provides financial assistance to American families in need through the U.S. Department of Health and Human Services.
To be eligible for Oklahoma Family Assistance, you must be an Oklahoma resident and be a U.S. citizen, legal alien, or eligible alien. You must be unemployed or underemployed and have little or very little income. You must also be one of the following: Have children under the age of 18 OR.
TANF Family benefits also have strict deadlines. Recipients can receive benefits for up to five years for the rest of their life unless they meet the limited hardship extension criteria.
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Answer:
B. Both economies of scope and economies of scale.
Explanation:
In microeconomics, economies of scale are the cost favorable circumstances that undertakings acquire because of their scale of activity, with cost per unit of yield diminishing with expanding scale.
Economies of scope are "efficiencies framed by assortment, not volume". In economics, "economies" is equivalent word to cost sparing and "scope" is synonymous with widening generation/benefits through differentiated items.
Answer: Micheal will earn an interest of $600 in the first year based on nominal interest rates.
Since we need to compute the interest paid out at the end of year 1, we use the following formula in order to find the interest
where
SI = Simple interest
P = Principal or initial amount invested
N = Number of years
R = Nominal interest rate
Nominal interest rate refers to the rate quoted on the CD or the rate agreed upon. In this question, the nominal interest rate is 3%.
Substituting the values in the formula above we get,
Answer:
B- Self interest results in the Nash Equilibrium which is the best outcome for the players.
Explanation:
Prisoner's dilemma: It is the answer in the game theory to the reason that why 2 conflicted parties doesn't cooperate. According to Prisoner's Dilemma, 2 conflicted individuals doesn't cooperate because they both are acting to secure their own self interest, considering that the collective interest would be far much better, but they are interested in win/lose situation.
Nash Equilibrium: This occurs when both parties realize that no extra benefit will incur if they change their strategy, so they both remain on the same strategy and solve the dilemma while getting the optimum outcome for both of them.
