After 1970, the Share of Federal Spending Allocated to National

question 45

Multiple Choice

After 1970, the share of federal spending allocated to national defense:

• A) declined sharply, while the share allocated to income security increased substantially.
• B) rose sharply, while the share allocated to income security declined substantially.
• C) was relatively constant, while the share allocated to income security declined modestly.
• D) declined modestly, while the share allocated to income security was relatively constant.

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Definitions:

Unconscionable Conduct

Behavior that is considered extremely unfair, unethical, or unjust within a transaction or contractual agreement, often leading to the invalidation of the agreement.

Restatement

A secondary legal document that aims to inform and clarify the current state of the law, often used as a reference by courts.

Usury Statute

Laws that set maximum interest rates at which loans can be made, intended to protect consumers from excessively high rates.

Financing Charge

The fee charged by a lender on the extension of credit, including interest and other charges.