Grant Programs in Which a Set of Distributive Criteria Established

question 80

Multiple Choice

Grant programs in which a set of distributive criteria established by law is used to determine the amount of federal funds a state or local government will receive are known as __________ grants.

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

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Definitions:

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs produced to inputs used in the production process.

Pasture Land

Land that is used for the grazing of livestock, allowing animals to feed on the grass and other vegetation present.

Oil Deposits

Natural accumulations of hydrocarbons, typically underground, that can be extracted for use as fuel and in various industrial applications.

Incentive Function

The way in which economic rewards or penalties influence the actions of individuals and firms.