Rank the Following State and Local Government Expenditure Categories from Largest

question 444

Multiple Choice

Rank the following state and local government expenditure categories from largest to smallest.

• A)education, health, highways
• B)education, highways, income security
• C)highways, education, public order and safety
• D)public order and safety, highways, health

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Definitions:

Marginal Benefit Curve

A graphical representation that shows how the benefit to consumers changes as the quantity of a good or service increases.

Private Market

A segment of the economy composed of companies and financial transactions that are not regulated by the government.

Marginal Social Benefit

An increase in the total benefit to society resulting from a one-unit increase in the production of a good or service.

Animal Control Officer

A professional responsible for enforcing laws related to animals, handling stray, dangerous, or unwanted animals, and promoting animal welfare and public safety.