In Which of the Following Ways Has the British Welfare

question 22

Multiple Choice

In which of the following ways has the British welfare state changed in recent decades?

• A)It has sought more of its funding from personal income taxes instead of corporate taxes.
• B)It has reduced reliance on the national health system and has begun to privatize health care.
• C)It has moved away from direct benefits and toward "welfare-to-work" programs.
• D)It has taken on a more Labour-centric structure and moved away from Conservative preferences for welfare.
• E)It has increased in size while providing a narrower range of benefits to citizens.

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Definitions:

Cost Savings

Reductions in expenditures achieved through methods such as negotiation, effciency improvements, or substitution.

Pretax Return

The profit earned by a business before the deduction of tax expenses.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Net Present Value

A calculation that determines the present value of a series of future cash flows, minus the initial investment, used to assess the profitability of investments.