Grant Programs in Which State and Local Governments Submit Proposals

question 22

Multiple Choice

Grant programs in which state and local governments submit proposals to federal agencies and for which funding is provided on a competitive basis are known as __________ grants.

• A)contest
• B)formula
• C)project
• D)tax remuneration

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Definitions:

Compensating Differentials

Wage differences among jobs that reflect the desirability of the job or the cost associated with undesirable job attributes.

Monetary Compensation

The financial payment given to an employee for their services or to an individual as a settlement.

Human Capital Theory

An economic perspective that views individuals' skills, knowledge, and experience as productive assets that can improve their earnings and contribute to a country's economic growth.

Labor Markets

The supply and demand for labor, where employers seek to hire workers, and individuals look for employment.