With respect to local finance, it is correct to say that
A. Sales and excise taxes are the major source of revenue and highway construction and maintenance the major type of expenditure.
B. Property taxes are the basic source of revenue and education the major type of expenditure.
C. The corporate income tax is the major source of revenue and natural resource development the major type of expenditure.
D. Estate and gift taxes are the major source of revenue and most expenditures are for hospitals and health services.
B. Property taxes are the basic source of revenue and education the major type of expenditure.
You might also like to view...
A situation in which a single individual can provide a private good is known as the volunteer's dilemma
Indicate whether the statement is true or false
Sammy has a drone that he values at $1,500. Frank values the same drone at $1,000. The government offers a subsidy of $800 to the buyers of drones, and Sammy and Frank agree on a price of $1,600. The subsidy creates a deadweight loss of
A) $0 B) $200 C) $500. D) $800.