Almost All Economists Agree That Local and State Governments Should

question 6

Multiple Choice

Almost all economists agree that local and state governments should

• A)eliminate subsidies to professional sports franchises.
• B)increase subsidies to professional sports franchises.
• C)copy economic policy from Washington,D.C.
• D)prevent companies from outsourcing work.

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Definitions:

Collectivism

The principle of prioritizing the needs and goals of the group over the individual.

Individual Achievement

Success or accomplishment attained through one's own efforts or abilities, often highlighted in contexts emphasizing personal accountability.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit.

Model Minority

A stereotype applied to a particular ethnic, racial, or cultural group that is seen as achieving a higher degree of socioeconomic success than the population average, often masking underlying challenges.