45 POINTS!! 8.08 State and Local Budgets (K12 History Quiz):
Question 2. What is the purpose of a continuing resolution?
A. to reduce spending in the federal budget and prevent the accumulation of debt
B. to set federal government spending at the same level as the year before
C. to increase taxes in order to raise additional revenue for the federal government
D. to override the presidential veto of an appropriations bill
Question 3. How do state and local government revenues and expenditures differ from those of the federal government?
A. State and local governments derive much of their incomes from citizen subsidies, and unlike the federal government they both spend large portions of their money on intergovernmental revenue.
B. State and local governments derive much of their incomes from appropriations bills, and unlike the federal government they both spend large portions of their money on sales taxes and property taxes.
C. State and local governments derive a large portion of their incomes from intergovernmental revenue, and unlike the federal government they both spend large portions of their money on education expenses.
D. State and local governments derive much of their incomes from entitlement programs, and unlike the federal government they both spend large portions of their money on highway and infrastructure maintenance.
Question 4. Which sources of revenue for state and local governments are most important?
A. entitlement programs, which help to meet the basic needs of impoverished citizens, and education programs, which give citizens access to good public schools and affordable state colleges
B. fines, which are paid by citizens being punished for breaking the law, and foreign subsidies, which include fees paid by other nations doing business in the United States
C. infrastructure repair, which makes sure that highways and bridges are in good working order, and unemployment insurance, which provides money to people who have lost their jobs
D. sales taxes, which are added to the price of goods and services and paid by consumers, and property taxes, which are based on the value of land and property and paid by land and property owners
Question 5. Which areas of spending by the states are the largest?
A. highway maintenance and water treatment
B. police protection and retirement insurance
C. intergovernmental revenue and federal taxes
D. public welfare and education
