Question: 11. What is the safety net? Briefly explain the differences between TANF, the earned income tax credit, SNAP, and Medicaid. 12. What are some reasons

11. What is the safety net? Briefly explain the differences between TANF, the earned income tax credit, SNAP, and Medicaid.

12. What are some reasons why a certain degree of inequality of income would be expected in a market economy? Identify some public policies that can reduce the level of economic inequality. Describe how a push for economic equality might reduce incentives to work and produce output. Then describe how a push for economic inequality might not have such effects.

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Briefly explain the differences between TANF, the earned income tax credit, SNAP, and Medicaid.

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