Which of the Following Statements Is True About American State

question 19

Multiple Choice

Which of the following statements is true about American state lottery revenues?

• A)In recent decades, state lotteries have decreased in popularity because they raise taxes.
• B)Church groups are very vocal in their support of state lotteries.
• C)Lottery revenues are spread evenly across all the states.
• D)All states earmark all of their proceeds from lotteries for education.
• E)A significant number of states commit their proceeds from lotteries to the state general fund.

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Definitions:

Rescission

The termination of a contract.

Contract

A contract that is enforceable by law, involving two or more parties, which specifies their duties and entitlements.

Nonbreaching Party

The party in a contractual agreement who has not failed to fulfill any contractual obligations or terms.

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties involved to their pre-contractual state.