The distribution of federal countercyclical aid dollars to the states and localities is a
A) practice designed to equalize state revenue across all fifty states.
B) means of transferring resources used only in good economic times.
C) device for balancing grants-in-aid funding for school and social welfare costs in the fifty states.
D) means recognized by Congress as necessary to help states and localities recover from recessions.
Correct Answer:
Verified
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Q7: Personal and corporate income tax is
A)in use
Q8: The general sales tax is
A)the main source
Q9: A progressive tax is one that
A)puts you
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Q12: Severance taxes, as a source of state
Q13: Own-source revenue is money that is gathered
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