Which of the following is exclusively a state program?

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

1. Desirable economic outcomes are easily attained through systematic application of economic and fiscal principles. 2. Managing the nation’s economy can be complicated by the myriad of competing variables involved. 3. Fiscal policy focuses on policies of taxation and spending. 4. The United States has a pure laissez-faire form of economy. 5. America’s economy is best described as a laissez-faire type of economy.

If a state accepts a federal grant-in-aid, it must

A. match the funds with twice that amount in state funds. B. reduce its income tax rates to adjust for the increased income. C. reimburse the federal government after a specified period. D. comply with federal restrictions on its use. E. None of these answers is correct.