With Respect to State Finance, for Most States

question 212

Multiple Choice

With respect to state finance, for most states

• A) estate taxes are the major source of revenue and most expenditures are for health services.
• B) the corporate income tax is the major source of revenue and natural resource development is the major type of expenditure.
• C) property taxes are the basic source of revenue and education is the major type of expenditure.
• D) sales and excise taxes are the major source of revenue and education is the major type of expenditure.

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Definitions:

Political Liberalism

An ideology or political philosophy that emphasizes the importance of individual liberty, democracy, and the protection of civil rights.

Laissez-Faire

An economic philosophy advocating for minimal government intervention in the market and the economy, allowing businesses to operate with little to no government oversight.

Social Rights

Rights pertaining to the socioeconomic aspects of life, ensuring access to basic needs like education, health care, and livelihood.