Which Constitutional Executive Officer Is Responsible for Managing the State's

question 27

Multiple Choice

Which constitutional executive officer is responsible for managing the state's debt by selling and repaying bonds to investors,attempting to secure acceptable credit ratings,and maintaining the state's financial assets?

• A)treasurer
• B)controller
• C)Member of the Board of Equalization
• D)secretary of state

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Definitions:

Surplus

The situation where the quantity supplied of a product exceeds the quantity demanded at a given price.

Negative Externality

An economic situation where a third party is negatively affected by the actions of others, typically not reflected in the cost of those actions, such as pollution.

Common-Resource Problem

A dilemma in the management of resources that are available to all but are susceptible to overuse and depletion because they are not excludable.

Nontoll Roads

Public roads that can be used without paying a fee, financed by taxes rather than direct user charges.