________ Are Programs Where the Government Provides a Tax Deduction

question 40

Multiple Choice

________ are programs where the government provides a tax deduction for spending on health insurance and other benefits by both employers and employees.

• A)Noncompulsory benefits
• B)Tax expenditures
• C)Direct services
• D)Earned income tax credits

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Definitions:

Household Debt

The total amount of money that all members of a household owe to outside parties, including mortgages, credit cards, and loans.

Adjustable Rate Mortgages

A type of mortgage loan where the interest rate can change over time based on an index or benchmark.

Sub-Prime Loans

These are loans offered to individuals with poor credit histories or higher risk profiles at higher interest rates than standard loans.

Low Short-Term Interest Rate

A situation where the interest rates for borrowing funds for a short period are significantly lower than usual, typically indicating a policy aimed at stimulating economic growth.