Discretionary Expenditures Account for Approximately

question 11

Multiple Choice

Discretionary expenditures account for approximately

• A)One-fifth of the federal budget.
• B)One-half of the federal budget.
• C)One-third of the federal budget.
• D)Three-fourths of the federal budget.

Understand the differences between regulation, taxation, and market-based solutions in managing externalities.

Recognize the importance of the optimal tax level and its impact on correcting market inefficiencies.

Understand the concept of externalities and how they affect social costs and benefits.

Calculate the social cost of producing goods in the presence of external costs.

---

Definitions:

Political Discourse

The way politics is discussed and debated, involving the language, ideas, and methods used to describe and influence political phenomena.

Institutional Racism

A form of racism embedded through laws and regulations within a society or organization.

Structural Inequalities

Systemic disparities in access to resources, opportunities, and rights experienced by different groups within a society, often based on race, gender, or socioeconomic status.

Color-Blindness

An ideology that advocates ignoring racial differences as a way to address racial discrimination, often critiqued for failing to acknowledge systemic inequalities.