Examlex
Which of the following statements about higher-SES parents in the United States and most Western cultures is true?
Subsidy
Financial assistance granted by a government or public body to support businesses, reduce the prices of goods and services, or encourage particular economic activities.
Profit
The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.
Rent-seeking Behavior
Actions by individuals or firms to increase their own wealth without creating new wealth or value, often through manipulating the social or political environment.
Single Payer
A healthcare finance mechanism where a single public or quasi-public agency organizes health care financing, but delivery of care remains largely in private hands.
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