Imagine a country that has new leadership and is committed to transitioning to a welfare state similar to Sweden or Denmark.What is a likely policy action that would allow this?
A)Paying down national debt.
B)Turning over national industries to the private sector.
C)Raising tax rates significantly.
D)Prohibiting individuals from owning gold or other precious metals.

Question

Quizplus · Accepted Answer

A key feature of welfare states like Sweden and Denmark is their high tax rates, which fund social programs and services. Therefore, raising tax rates significantly would be a likely policy action to support the transition to a welfare state. Paying down national debt could be a responsible action, but it is not necessarily directly related to creating a welfare state. Turning over national industries to the private sector could have mixed effects and may not align with the values of a welfare state. Prohibiting individuals from owning gold or other precious metals seems unrelated to creating a welfare state.

Imagine a Country That Has New Leadership and Is Committed