Question 1

Which of the following is a logical reason for a state to implement a lottery as a way to increase state revenue?

Accepted Answer

A)  Lottery funds usually bring in a large share of the state's total revenue. 
B)  Lottery revenue provides a stable source of funds that can be used as the fiscal base for important social programs. 
C)  Lotteries have low administrative costs because private vendors sell all the tickets. 
D)  Lotteries are a way for the state to receive money from its citizens without levying a tax. 
A)  Lottery funds usually bring in a large share of the state's total revenue. 
B)  Lottery revenue provides a stable source of funds that can be used as the fiscal base for important social programs. 
C)  Lotteries have low administrative costs because private vendors sell all the tickets. 
D)  Lotteries are a way for the state to receive money from its citizens without levying a tax. D

Question 2

Which of the following distinctions separates government user charges from taxes?

Accepted Answer

A)  Taxes are spent for general government costs and are not earmarked; user charges are earmarked 
B)  The federal government collects taxes but not user charges. 
C)  Taxes are collected by coercion; user charges are proceeds from voluntary exchange. 
D)  None of the above. 
A)  Taxes are spent for general government costs and are not earmarked; user charges are earmarked 
B)  The federal government collects taxes but not user charges. 
C)  Taxes are collected by coercion; user charges are proceeds from voluntary exchange. 
D)  None of the above. C

Question 3

Where was the first state-operated lottery of the twentieth century?

Accepted Answer

A)  Indiana 
B)  Florida 
C)  New Hampshire 
D)  Louisiana 
A)  Indiana 
B)  Florida 
C)  New Hampshire 
D)  Louisiana C

Question 4

User charges link funds produced to particular public services-individuals pay only for the services they actually use. Why doesn't all government funding come from such freewill transactions and market exchange?

Accepted Answer

A)  User charges cannot provide a way to reflect demand for a service. 
B)  Some services have non-appropriable characteristics. 
C)  Some services are produced in systems showing economies of scale. 
D)  None of the above. 
A)  User charges cannot provide a way to reflect demand for a service. 
B)  Some services have non-appropriable characteristics. 
C)  Some services are produced in systems showing economies of scale. 
D)  None of the above.

Question 5

Which of the following is an accurate statement about state lotteries?

Accepted Answer

A)  Because of individual demand for gambling, lottery proceeds are stable from year to year and easily predictable. 
B)  Compared to other sources of state revenue, the cost of raising revenue from a lottery is quite low per dollar raised 
C)  Because of broad participation rates through all income classes, the burden of the lottery is equivalent to that of a proportional tax. 
D)  Earmarking of lottery proceeds for specific purposes, i.e., for primary and secondary education, has not always increased state spending for those purposes. 
A)  Because of individual demand for gambling, lottery proceeds are stable from year to year and easily predictable. 
B)  Compared to other sources of state revenue, the cost of raising revenue from a lottery is quite low per dollar raised 
C)  Because of broad participation rates through all income classes, the burden of the lottery is equivalent to that of a proportional tax. 
D)  Earmarking of lottery proceeds for specific purposes, i.e., for primary and secondary education, has not always increased state spending for those purposes.

Which of the following is a logical reason for a state to implement a lottery as a way to increase state revenue?

Which of the following distinctions separates government user charges from taxes?

Where was the first state-operated lottery of the twentieth century?

User charges link funds produced to particular public services-individuals pay only for the services they actually use. Why doesn't all government funding come from such freewill transactions and market exchange?

Which of the following is an accurate statement about state lotteries?

Fundamental Principles of Public Finance

The Logic of the Budget Process

Budget Methods and Practices

Federal Budget Structures and Institutions

State and Local Governments

Budget Classifications, Systems, and Reform: Trying to Make Better Choices

Capital Budgeting, Time Value of Money, and Cost-Benefit Analysis: Process, Structure, and Basic Tools

Taxation: Criteria for Evaluating Revenue Options

Major Tax Structures: Income Taxes

Major Tax Structures: Taxes on Goods and Services

Major Tax Structures: Property Taxes

Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets

Intergovernmental Fiscal Relations: Diversity and Coordination

Debt Administration

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Exam 12: Revenue From User Fees, User Charges, and Sales by Public Monopolies

Which of the following is a logical reason for a state to implement a lottery as a way to increase state revenue?

Which of the following distinctions separates government user charges from taxes?

Where was the first state-operated lottery of the twentieth century?

User charges link funds produced to particular public services-individuals pay only for the services they actually use. Why doesn't all government funding come from such freewill transactions and market exchange?

Which of the following is an accurate statement about state lotteries?

Fundamental Principles of Public Finance

The Logic of the Budget Process

Budget Methods and Practices

Federal Budget Structures and Institutions

State and Local Governments

Budget Classifications, Systems, and Reform: Trying to Make Better Choices

Capital Budgeting, Time Value of Money, and Cost-Benefit Analysis: Process, Structure, and Basic Tools

Taxation: Criteria for Evaluating Revenue Options

Major Tax Structures: Income Taxes

Major Tax Structures: Taxes on Goods and Services

Major Tax Structures: Property Taxes

Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets

Intergovernmental Fiscal Relations: Diversity and Coordination

Debt Administration

Filters