Which of the Following Is NOT True Regarding Florida and Its

question 18

Multiple Choice

Which of the following is NOT true regarding Florida and its Bright Future's Scholarship Program?

• A) Until 2009, it covered 100 percent of college tuition for Florida high school graduates who earned at least a 3.5 grade-point average and scored over 1270 on the SAT.
• B) It is funded by the sale of lottery tickets, costing the state roughly $350 million annually.
• C) Republican lawmakers sponsored the program due to worries of a "brain-drain," losing their top high school graduates to universities in other states.
• D) The program was adopted by citizens via a ballot initiative in 1998.

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Definitions:

Fiscal Policy

Government decisions on taxation and spending to influence the economy, aiming to manipulate demand, inflation, and economic activity.

Monetary Policy

A central bank's management of money supply and interest rates to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.

Automatic Stabilizers

Strategies and programs intended to stabilize variations in a country's economic activities without direct involvement from government officials or policy makers.

Top Marginal Rate

The highest rate of tax applied to the last and highest portion of income for taxpayers, often affecting those in the highest income brackets.