Which of the Following Statements Regarding Public Policy in Texas

question 44

Multiple Choice

Which of the following statements regarding public policy in Texas is true?

• A) Public policy in Texas is not affected at all by national policy.
• B) Public policy in Texas is crippled by national policy, giving Texas very little control.
• C) The policies of the national government influence Texas, but, for the most part, large segments of public policy, such as education, infrastructure, and legal matters, are state and local matters.
• D) Public policy making is divided equally between the state and federal governments under the concept and theory of federalism.
• E) Federalism makes the national government virtually irrelevant to states such as Texas.

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Definitions:

Private Property

Legal rights that allow individuals or entities to own, use, and dispose of assets.

Demand and Supply

Fundamental economic concepts that describe the amount of a product or service available for purchase (supply) and the desire of buyers for it (demand), influencing price and market equilibrium.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Allocated Efficiently

A resource allocation where resources are distributed in a way that maximizes the net benefit to society or achieves a desired outcome effectively.