______ Describes the Strategy of Delegating a Policy Program to a Lower

question 63

Multiple Choice

______ describes the strategy of delegating a policy program to a lower level of government.

• A) Home rule
• B) Redistribution
• C) Devolution
• D)Preemption
• E)Incorporation

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Definitions:

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.

Utility Per Dollar

Represents the amount of satisfaction or pleasure received per unit of expenditure.

Good

A tangible or intangible product that can satisfy a need or desire, and is transferable from one person to another.

Budget Constraint

The limits imposed on household choices by income, wealth, and product prices.