The Welfare State Has Recently Come Under Attack Because Of

question 47

Multiple Choice

The welfare state has recently come under attack because of:

• A) the difficulty in raising tax revenues because of the movement of jobs to lower-cost countries
• B) the spread of neoliberalism
• C) anti-immigrant sentiment
• D) all of the above
• E) none of the above

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Definitions:

Multiplier

A factor that quantifies the impact of a change in one economic variable (like investment or government spending) on the overall economy, especially on national income.

Euros

The official currency of the Eurozone, which is used by 19 of the 27 European Union countries.

Stock Index Futures

Contracts mandating the sale and purchase of a specified stock index at an agreed-upon price and date in the future by the seller and buyer, respectively.