Local Government Officials Tend to See the Redistribution of Resources

question 98

Multiple Choice

Local government officials tend to see the redistribution of resources as the responsibility of ________.

• A)county fiscal courts
• B)city councils
• C)charitable organizations
• D)the state and/or national government
• E)lobbyists

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Definitions:

Wage Rate

The standard amount of compensation received by a worker per unit of time (hour, day, etc.) for their labor.

Labor Productivity

A measure of economic performance that calculates the amount of goods and services produced per unit of labor.

Nominal Wages

Refers to the actual money paid to workers, not adjusted for inflation.

Price Level

The general average of the prices of goods and services in an economy at a given time.