The “fiscal mismatch” is responsible for all but one of the following trends since 1960:
a. increased intergovernmental transfers.
b. increased importance of fiscal federalism.
c. increased indirect control of state and local affairs by the national government.
d. increased direct control of state and local affairs by the national government.
ANS: D
You might also like to view...
In the context of the freedom of religion, the Supreme Court has ruled that:
A. the right to hold a belief is relative and subject to question by authority. B. public schools, which are agencies of government, cannot sponsor religious activities. C. religious beliefs are superior to the law and take precedence over constitutional laws. D. both public and private schools are barred from teaching about religion. E. individuals cannot pray, when and as they choose, in schools or in any other place.
The key difference between pure capitalist economies and pure socialist economies is that ______.
a. politicians make economic decisions in capitalist economies, whereas the market controls economic decisions in socialist economies b. the government plays a regulatory role only in socialist economies c. the market controls economic decisions in capitalist economies, whereas politicians make economic decisions in socialist economies d. capitalist economies are seldom democracies, whereas socialist economies frequently are democracies e. people decide economic policies by voting in capitalist systems, but the people do not vote for economic policies in socialist systems