What Accounts for the Overwhelming Majority of Federal Spending

question 86

Multiple Choice

What accounts for the overwhelming majority of federal spending?

• A) education, interest on the debt, and foreign aid
• B) defense, health care, and Social Security
• C) diplomacy, unemployment, and infrastructure
• D) crime prevention, agriculture, and environmental protection

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Definitions:

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and minimal government intervention in the economy.

Philanthropic Goodwill

The level of social responsibility in which a business does good without the expectation of anything in return.

Social Responsibility

Involves businesses making decisions and taking actions that benefit society as well as themselves.

Philanthropic Goodwill

The positive reputation and supportive engagement generated by a company or individual's charitable activities and contributions to society.