Which Statement About Public Assistance Is False

question 198

Multiple Choice

Which statement about public assistance is false?

• A)It is aimed solely at the poor.
• B)It has failed completely.
• C)It has not ended poverty.
• D)It has fostered a permanent underclass.

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Definitions:

Profit

The financial gain obtained when the revenue from selling goods or services exceeds the total cost of producing them.

Fixed Costs

Costs that remain constant regardless of a business's operational levels, including rent, salaries, and loan repayments.

Break-Even Point

The point at which total costs and total revenues are equal, resulting in no gain or loss for the business.

Fixed Costs

Overhead expenses that do not vary with production level or sales volume, such as rent, salaries, and insurance.