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Card 1 of 22

Why can a low-income household gain little net income from earning more?

A

Benefits are withdrawn and taxes begin to apply as gross earnings rise.

B

Benefits remain unchanged and taxes are refunded as gross earnings rise.

C

Benefits increase and taxes begin to apply as gross earnings rise.

D

Benefits are withdrawn and taxes are reduced as gross earnings rise.

Card 1 of 22

8.2.4 the poverty trap Flashcards

  1. Intl A Level
  2. /Economics
  3. /8.2.4 the poverty trap

22 flashcards on CIE Intl A Level Economics 8.2.4 the poverty trap: the key terms and definitions you need to recall.

Flashcards