Expenditures on Social Programs, Such as Health Care and Income

question 51

True/False

Expenditures on social programs, such as health care and income security, constitute more than half of U.S.federal expenditures in 2016.

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Definitions:

Condition Subsequent

A condition in a contract that, if it occurs, terminates the party's obligation or alters the terms of the agreement.

Rescission

Rescission is the legal act of unmaking or terminating a contract, returning the parties involved to their positions prior to the contract's existence.

Restitution

The return of any property given up under a contract.

Absolute Obligation

A duty or responsibility that is not subject to any conditions and must be fulfilled under all circumstances.