Author Question: Which of the following statements is true of federal government spending for 2016? A) Social ... (Read 51 times)

mckennatimberlake · **on:** Jul 9, 2018

Which of the following statements is true of federal government spending for 2016?

A) Social Security and Medicare are available only to low-income individuals.
B) Along with veterans' benefits, defense spending amounts to about a fifth of the federal budget.
C) Temporary Assistance for Needy Families accounts for 22 percent of the federal budget.
D) Medicaid is funded by payroll taxes and paid out to all qualifying persons, regardless of income.
E) National debt is most likely to decrease in future years.

Question 2

Government corporations are like private corporations in that:

A) they charge for their services.
B) their owners must raise more capital in case of a loss.
C) they are allowed to engage in price fixing.
D) they are dissolved in case of a loss.
E) their shareholders are held accountable when they fail to make a profit.