Option A.
Which of the following is not among the top five categories of state & local spending?...
increasing Question 25 1 pts Which of the following is not among the top five categories of state & local spending? Roads & Highways Healthcare Public Welfare Education 0 Question 26 1 pts Use statements 1. and 2. to choose the correct answer. 1. Money has value because it is backed by the government 2. Real estate is less liquid than money. 1. Is false, 2. is true 1. is true, 2. is false. Both 1 and 2 are false....
A credit card is not a form of money because it is not a store of value. Oit doesn't serve as a medium of exchange. it isn't generally accepted as a means of payment it has a limit on what how much can be spent borrowed. Which of the following has the largest share of the Federal budget? education O social security Ohighways and transportation O housing assistance When the macro economy is in equilibrium, business inventories are decreasing O...
Question 19 5 pts Which of the following is included in GDP as "Consumption" spending? new home construction ofood purchased at local restaurants and cafeterias oproduction of goods and services abroad excavation and paving work to build new public roads and bridges
State and local governments provide ________ of the spending on education about 90% about 25% about 50%
Which of the following five categories of inefficiency was the most important factor of the relative inefficiency? a. Unproductive activities b. Idle resources c. Misallocation of factors among sectors d. Misallocation of factors among firms e. Technology blocking
1. Describe the differences among the five categories of health insurance plans available on the ACA marketplaces (Bronze, Silver, Gold, Platinum, and Catastrophic). a. What do each of these categories indicate? b. What are the advantages/disadvantages of each? Which would you select?
18. Which of the following taxes best illustrates the “benefits principle” of tax? The local city playground is funded through a tax on all citizens A sales tax on food is used to pay for police and fire protection A property tax that is proportional to the value of home charged to homeowners to fund K-12 education Highways are built and maintained through revenue from a tax on gasoline
PROBLEMS AND APPLICATIONS 1. Think about the goods and services provided by your local government. a. Using the classification in Figure 1, explain which category each of the following goods falls into: police protection snow plowing • education rural roads • city streets b. Why do you think the government provides items that are not public goods? 4. Wireless, high-speed Internet is provided for free in the airport of the city of Communityville. a. At first, only a few people...
Which of the following Federal Government budget items is classified as Discretionary Spending? Social Security Benefits National Defense Maintaining interstate highways more than one of these answers are correct Net Interest
Suppose a state is considering three different types of fiscal limits for local governments in the state--a maximum property tax rate, a limit that property tax revenue may not increase more than population and inflation rate together, or a limit that spending may not increase more than five percent. In each case, the limit may be exceeded by majority vote. Which limit is most restrictive and why? Contrast the three in terms of the sources of allowed increases in taxes...