Questions for Review without Answers
Chapter 20. Markets and the Government IV. Labour and Social Policy
I. Preliminary Remark
1) Which people are in a country's labour force?
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II. Labour Policy and Working Conditions
2) What is covered by labour law?
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3) Why are most economists opposed to the trade unions?
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III. Social Policy and Social Conditions
4) Explain the difference between social security and welfare schemes.
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5) Explain the two methods available to define the poverty line.
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IV. US Particularities
6) What does FICA cover?
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7) What change in welfare was introduced by the Clinton Administration?
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V. A Look Back. From the Pre-Capitalist Welfare System to the Modern Welfare State
8) What does Speenhamland stand for? Do you know any modern equivalent of Speenhamland?
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9) What role do the 19th-century British Factory Acts play in today's political debates?
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10) Modern welfare states normally comprise three elements. Please name them.
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11) Why is the welfare state a misnomer?
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12) What developments do you consider responsible for the erosion or the welfare state?
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VI. A Look Ahead. A Negative Income Tax
13) Explain how the NIT works.
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14) Decide whether you espouse or oppose it and explain why.
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VII. An Excursus on the Standard Arguments against Welfare
15) Why do people who oppose welfare and statutory minimum wages almost always espouse free trade?
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16) What are the major watchwords in today's anti-welfare debate?
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