Which of the Following Is NOT a Primary Government

question 52

Multiple Choice

Which of the following is NOT a primary government?

• A) A state government.
• B) A general-purpose local government with the ability to determine its own budget.
• C) A general-purpose local government whose tax levies must be approved by the state.
• D) A special-purpose local government whose tax levies must be approved by the state.

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Definitions:

Probability

The quantification of how probable it is for an event to take place, indicated by a value ranging from 0 to 1.

Strictly Convex Preferences

Strictly convex preferences indicate a consumer's increasing marginal rate of substitution, reflecting a stronger preference for balanced bundles of goods over extremes.

Risk Averse

A characteristic of a person or entity that prefers to avoid uncertainty and potentially negative outcomes, often opting for more certain or less risky options.

Risk Averse

Refers to the preference of avoiding risk rather than facing uncertainty or engaging in risky ventures.