Examlex
Based on Figure 17.2,which non-means-tested social welfare program in the United States takes up the largest share of the federal budget?
Regulatory Capture
A situation in which regulatory agencies are dominated by the industries they are supposed to be regulating, often leading to decision-making that benefits the industry at the expense of the public interest.
Wall Street
A symbol for the financial markets and institutions located in the Financial District of Lower Manhattan, New York City, often associated with the American financial sector and stock market.
Financial Firms
Businesses that provide financial services such as banking, investment, insurance, and asset management.
Rent Seeking
The practice of individuals or entities seeking to gain additional wealth without any contribution to productivity, typically through manipulation or exploitation of the economic environment.
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