__________ Grants Typically Allocate Federal Dollars for a Specific Purpose

question 59

Multiple Choice

__________ grants typically allocate federal dollars for a specific purpose based on a state's population.

• A) Block
• B) Categorical
• C) Commerce
• D) Federal

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Definitions:

Surplus II

An additional amount of a resource, product, or service that exceeds the amount demanded or utilized.

Consumer Surplus

The discrepancy between what consumers are willing to spend on a good or service and their actual expenditures.

Surplus II

An excess of supply over demand in the market, leading to excess goods and potential lower prices.

Consumer Surplus

The separation between the entire amount consumers are keen and financially able to expend on a good or service, and the amount they actually expend.