The Largest and Fastest Growing Component of State Budgets Centers

question 41

Multiple Choice

The largest and fastest growing component of state budgets centers on

• A)transportation.
• B)social service spending.
• C)public employee pensions.
• D)public works.

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Definitions:

High Tariff

A government-imposed tax on imported or exported goods, typically used to protect domestic industries from foreign competition or to generate revenue.

National Debt

The total amount of money that a country's government has borrowed, by various means.

Greenbacks

Paper currency issued by the United States during the Civil War, not backed by gold or silver but by the government's credibility.

Civil Service Act

Legislation that established the principle of federal employment on the basis of open, competitive exams and created a professional civil service.