Let's Check on Whether You Are Rationally Ignorant

question 157

Multiple Choice

Let's check on whether you are rationally ignorant. Which of the following four items is the smallest in terms of government expenditure?

• A) Social Security
• B) welfare
• C) foreign aid
• D) health care

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Definitions:

Nonlabor Income

Income received from sources other than employment or work, such as investments, pensions, or gifts.

Bushel

A bushel is a unit of volume that is used primarily for measuring quantities of agricultural produce, such as grains, fruits, and vegetables.

Consumption

The process or activity of using goods and services to satisfy personal or collective wants or needs.

Wage Rate

The standard amount of pay given for work performed, typically expressed per hour, day, or unit of work.