The largest spending category for state governments is
A) welfare.
B) health care.
C) education.
D) highway construction.
Answer: C
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Refer to the figure above. What is the deadweight loss when the market is perfectly competitive?
A) $0 B) $30 C) $45 D) $90
Contrary to many researchers' views, Hurst (1969) claims the government needed private investors to fund internal improvements
Indicate whether the statement is true or false
Other things being equal, the higher the cost of capital
A) the higher the NPV of a project. B) the higher the IRR of the project. C) the lower the NPV of the project. D) The cost of capital has no effect on the NPV of the project.
Which of the following is an unintended consequence of welfare?
a. A low marginal tax rate on earned income for welfare recipients. b. A reduced incentive to leave welfare if more benefits are lost when income begins to be earned. c. A lower probability that children of families on welfare will themselves receive welfare. d. A welfare recipient becomes more productive, increasing the expected wage.