Which Type of Federalism Focuses on Determining Which Economic Tools

question 92

Multiple Choice

Which type of federalism focuses on determining which economic tools should be used by which levels of government?

• A)representational federalism
• B)fiscal federalism
• C)competitive federalism
• D)cooperative federalism

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Definitions:

Flexible Budget

A budget that adjusts or varies with changes in the volume of activity, revenue, or other factors influencing budgetary needs.

Refurbishment

The process of cleaning, decorating, and re-equipping to make something look new or to bring it back to excellent condition.

Budgeting

The process of creating a plan to spend your resources, outlining an organization's financial and operational goals.

Standard Variable Overhead Rate

A predetermined rate used to allocate variable overhead costs to the cost of producing goods or services.