The Use of Block Grants, Allowing States Considerable Leeway in How

question 45

Multiple Choice

The use of block grants, allowing states considerable leeway in how federal money is spent, was championed by President ________ under the name New Federalism.

• A) Clinton
• B) Wilson
• C) Johnson
• D) Nixon
• E) Obama

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Definitions:

Odd-even Pricing

A pricing strategy involving setting prices so they end in an odd or even number to influence perception of value.

Price Lining

A pricing strategy where products or services are grouped into different price ranges based on features or quality levels.

Odd-even Pricing

A pricing strategy that involves setting prices that end in odd or even numbers, believed to impact consumer perception and behavior.

Price Lining

A pricing strategy where products are sold at a limited number of price points, each representing a distinct level of quality or feature set.