What is the "welfare state"?

What will be an ideal response?


Answer: Government social services that give citizens economic security when they are unemployed, ill, or elderly are part of a structure called the welfare state.
Explanation: Characteristics of the welfare state are present in all economies but are more prevalent in command economies.

Business

You might also like to view...

Nominal rate of interest is equal to ________

A) the real rate plus an inflationary expectation B) the real rate plus a risk premium C) the risk-free rate plus an inflationary expectation D) the risk-free rate plus a risk premium

Business

What is "noise" and when in the communication process does it occur?

What will be an ideal response?

Business

Which of the following statements about the analytic hierarchy process (AHP) is true?

A) It is really not a decision model at all. B) It can handle multiple criteria and goals. C) It is based entirely on quantitative data. D) It is an opaque "black box" in the same way as neural networks.

Business

The error of essentialism means that

a. most of us have unearned privileges that we are unaware of having. b. diversity is essential to organizational success in the 21st century. c. essentially we are all alike under the skin. d. we explain a person's behavior according to only one social identity group membership, such as ethnicity.

Business