Around what percentage of state government spending is finance by intergovernmental transfers? Give three justifications for intergovernmental transfers
What will be an ideal response?
Around 19 percent of total state government revenues come from intergovernmental transfers. Intergovernmental transfers are justified on three different grounds. First, higher level governments provide money to encourage lower level governments to undertake certain programs. Second, taxation can be shifted to higher governments, where taxes are harder to avoid. Third, intergovernmental transfers can help achieve equity goals by equalizing resources between states.
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a. and a monopolist are price takers. b. and a monopolist are price makers. c. is a price taker, whereas a monopolist is a price maker. d. is a price maker, whereas a monopolist is a price taker.
Local construction projects and military base funding are usually passed through Congress by using ______.
a. vertical equity b. user fees c. rational ignorance d. logrolling
In normal times the number of discouraged workers is approximately ________ of the labor force.
A. 0.5% B. 1% C. 3% D. 4%
Prohibition as a strategy for controlling externalities might actually
A. eliminate the need for elaborate enforcement efforts and detention facilities. B. solve age-old problems, such as the susceptibility of humans to addictive behavior. C. create new problems, such as turf wars among gangs or increased incarceration. D. all of the options are correct.