Asked by
Neeru Dhillon
on Oct 26, 2024Verified
The welfare state:
A) often takes up a large share of government spending in wealthy countries.
B) is generally referred to as Social Security.
C) usually takes up only a small share of government spending in wealthy countries.
D) affects only low-income households.
Welfare State
The collection of government programs designed to alleviate economic hardship.
Government Spending
The total expenses incurred by a government on goods, services, and public projects.
Wealthy Countries
Nations characterized by a high level of income per capita, advanced infrastructure, and a strong economy.
- Understand the role of the welfare state, social insurance schemes, and governmental transfers in addressing poverty and ensuring social security.
Verified Answer
VB
Learning Objectives
- Understand the role of the welfare state, social insurance schemes, and governmental transfers in addressing poverty and ensuring social security.