During the 1980s, a Growing Number of Critics Alleged That

question 59

Multiple Choice

During the 1980s, a growing number of critics alleged that welfare programs

• A) had nearly eliminated poverty.
• B) were helping to create a dysfunctional underclass of people who depended upon it for survival.
• C) were being abused, mostly by the wealthy.
• D) benefited only the middle class at the expense of the poorer class.
• E) should be turned back over to private charities and religious institutions because government resources had been exhausted.

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Definitions:

Net Sales

The total revenue from sales minus returns, allowances, and discounts.

Cost Of Goods Sold

The direct outlays for materials and labor involved in the production of a company's goods for sale.

Net Income

The profit of a company after all expenses, taxes, and deductions have been subtracted from total revenue.

Increase In Net Income

An upward movement in a company’s earnings after all expenses and taxes have been subtracted from total revenue.