What are the arguments for and against federal government grants to states?


Supporters of large grants see state governments as more flexible and closer to the people. They also view the states as "laboratories of democracy," where creative solutions to make government more efficient can be developed. Critics of grant programs argue that the history of state governments gives little reason to see them as efficient providers of public services. These people worry that minimum national standards in welfare and health care might be sacrificed as states husband their limited financial resources.

Economics

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Answer the following statement(s) true (T) or false (F)

1. Risk assessment refers to onlythe quantitative evaluation of risk. 2. According to the EPA model of human health risk assessment, the risk assessment phase is comprised of five distinct steps. 3. In the first step of risk assessment, hazard identification, scientific information is used to determine if there is a causal relationship between a pollutant and its harmful effects. 4. All dose-response functions for environmental hazards have known thresholds. 5. Adults experience greater adverse health effects from exposure to lead than do children.

Economics

Joshua's indifference curves for two products are shown below: Which of the following indifference curves is the least preferred?

A. U1 B. U2 C. U3 D. Unclear given the current information

Economics

Suppose a man and a woman are in love and care for the other's happiness as well as their own consumption. Suppose the man is more selfish than the woman UM = CM2/3 UW1/3 UW = CW1/2 UM1/2 They will maximize the joint happiness (UM + UW) where

a. CM = 100; CW = 0 b. CW = 100; CM = 100 c. 50 < CM < 100; 0 < CW < 50 d. 50 < CW < 100; 0 < CM < 50

Economics

Suppose a new freshman enters State U with the objective of having lots of fun while getting good grades. Suppose that Friday and Saturday night offer the best/most efficient times for having fun and the day time offers the best time for studying. She should

a. study every single waking hour. b. party every single waking hour. c. assume there is no tradeoff between fun and grades. d. assume there is a constant tradeoff between fun and grades. e. assume there is a tradeoff between fun and grades that reflects increasing opportunity cost.

Economics