The Data Below Were Taken from the CAFRs of Two

question 23

Essay

The data below were taken from the CAFRs of two cities. REQUIRED:
Based on this limited information
a. Which city has the greater resources?
b. Which city imposes a greater tax burden on its citizens based on
-Per capita total general fund revenues?
-Per capital property taxes?
-Property taxes as a percentage of property values?
c. Which city receives more assistance from other governments?

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Definitions:

Airplane

A powered flying vehicle with fixed wings and a weight greater than that of the air it displaces, used for transportation.

Car

A wheeled motor vehicle used for transportation, typically running on roads and able to carry a small number of people.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, facilitating beneficial trade and specialization.

Absolute Advantage

The ability of a party to produce more of a good or service than competitors, using the same amount of resources.