What Is One of the Main Reasons Why Social Welfare

question 109

Multiple Choice

What is one of the main reasons why social welfare programs were introduced in the United States so late, as compared to other rich democracies?

• A) Federalism.
• B) Democracy.
• C) The Supreme Court approved it, but the presidents wouldn't accept it as part of their budgets.
• D) Our homogenous culture.
• E) The small size of our country before the twentieth century.

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Definitions:

Statement of Cash Flows

A financial report that shows the inflows and outflows of cash in a business over a specific period.

Direct Method

A method of reporting cash flows from operating activities by showing the actual cash receipts and payments from operations.

Operating Activities

The primary revenue-generating activities of a business, including the production, distribution, and sale of goods and services, as reported in the cash flow statement.

Statement of Comprehensive Income

A financial statement that includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.