State and local governments finance expenditures mainly from
A) tax revenue.
B) government bonds issued at the state level.
C) funds provided by the federal government.
D) private bank loans.
E) lottery funds.
A
Economics
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Which statement best explains why demand for gasoline is inelastic?
a. Gasoline prices are currently very high. a. There is no substitute available c. Gasoline uses a small portion of a person's income. d. People have already cut back their driving to the minimum.
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If citizens are not very mobile among governments _____
a. there is no intergovernmental competition b. intergovernmental competition is ineffective c. intergovernmental competition is effective because individuals can compare their government with nearby governments d. the urban sprawl will be lessened
Economics