Discuss what institutions and government policies promote economic growth. Explain how these institutions incentivize economic activity. Income transfers were developed as a part of Lyndon B. Johnson’s war on poverty. Define income transfers. How should traditional income transfers eliminate incidence of poverty? Does it work? Explain. Find verses on Welfare from the bible. Provide a short explanation. Some people criticize our ever-expanding welfare system: at present times close to 30% of our population receives some form of welfare benefits. Do you agree? How do we reconcile such criticisms with the Christian view?
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