Which Welfare Term Describes Welfare Programs That Are Provided Only

question 28

Multiple Choice

Which welfare term describes welfare programs that are provided only to people qualifying on the basis of income and asset levels?

• A) in-kind welfare
• B) categorical welfare
• C) means-tested welfare
• D) cash welfare

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Definitions:

Connecting Link

A piece or component that joins two or more parts together in a mechanism or system.

Income Statement

A financial report showing a company's revenues, expenses, and profits over a specific period of time.

Balance Sheet

A balance sheet is a financial statement that presents the assets, liabilities, and shareholders' equity of a company at a specific point in time, offering a snapshot of its financial condition.

Statement of Stockholder's Equity

A financial document that shows changes in the equity section of a company's balance sheet, including retained earnings and issued shares.