State Lotteries Are a Fairly Recent Phenomenon and Came About

question 37

True/False

State lotteries are a fairly recent phenomenon and came about as a response to the fiscal stress of the 1970s and 1980s.

---

Definitions:

Composed

Implies being made up of multiple parts or elements; in the context of data, it may refer to a dataset composed of different types of information.

Portfolio Expected Return

The weighted average of the expected returns on the assets contained within an investment portfolio.

Stocks

Shares of ownership in a corporation, representing a claim on the company's assets and earnings.

Investment

The allocation of resources, typically money, into an asset or venture with the expectation of generating income or profit.