Question

"The Temporary Assistance for Needy Families (TANF) program is designed to help needy families achieve self-sufficiency. States receive block grants to design and operate programs that accomplish one of the purposes of the TANF program."

The above statement from the US Department of Health and Human Services's Office of Family Assistance division's website best describes which of the following government interventions often undertaken in a market economy? Question 4 options:

A) market failures

B) protection of property rights

C) public goods and services (not C)

D) redistribution of income

Answer 1

the correct answer is B. protection of property rights

Answer 2

D) redistribution of income

Step-by-step explanation:

The principle of the redistribution of income lies on the idea that extreme inequality is damaging to society. Because of this, the government believes that it is fair to take some money from the population in the form of taxes and redistribute it to those who need it the most. In this example, the government redistributes income through the Temporary Assistance for Needy Families (TANF) program.