The largest component of the federal government's budget is
A) national defense
B) police and fire protection
C) interest on the public debt
D) income transfer programs
Correct Answer:
Verified
Q48: Concerning the Social Security system, which of
Q49: Social Security trust funds are
A) simply accounts
Q50: Social Security
A) is a pay-as-you-go system financed
Q51: A person approaching retirement age would be
Q52: If the Social Security system were privatized,
Q54: To finance its debt, the federal government
A)
Q55: The major expenditure item of state and
Q56: The largest source of tax revenue for
Q57: According to the _ principle, taxes should
Q58: The benefits-received principle of taxation is least
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