The Increase in Redistributive Programs as a Percentage of the Government's

question 37

Multiple Choice

The increase in redistributive programs as a percentage of the government's budget has led to _____.

• A)a greater potential payoff for special interests
• B)a welfare bureaucracy dependent upon the existence of the redistributive program
• C)a concomitant rise in private charity
• D)a and b
• E)b and c

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Definitions:

Units

Refers to a measurement or quantity of something, often used in the context of production, sales, or inventory in various industries.

Utility Function

A function that reflects the satisfaction or utility a consumer derives from consuming goods or services.

Budget Constraint

A constraint on the combinations of goods a consumer is able to purchase, determined by their income level and the costs of these items.

Income

The income earned from labor or investments, often received periodically.