The Principle of Diversity in the Financial Systems of American

question 11

Multiple Choice

The principle of diversity in the financial systems of American federalism means that

• A)the state government relies most heavily on property taxes for its revenues, whereas the other levels have their own primary revenue sources.
• B)each level of government is, by tradition, free to rely as heavily as it must on any source of revenue.
• C)each level of government is restricted by the U.S.Constitution as to how it may gather revenues.
• D)the national government relies most heavily on the income tax for its revenues, whereas the other levels have their own primary revenue sources.

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