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Please help with these T or F questions 10. [3] [n the United States, the share of children in poverty is greater than the share
Please help with these T or F questions
10. [3] [n the United States, the share of children in poverty is greater than the share of senior adults in poverty. 11. [4] Data show a correlation between income and educational attainment. That is, those with higher levels of education attainment, on average, have higher incomes. We can conclude from these data that greater education attainment leads to better economic outcomes, as measured by income. 12. [3] The research consensus is that higher education spending is associated with better education outcomes. 13. [3]. In terms of the state corporate income tax apportionment formula used for divvying up the taxable income of multistate rms, social welfare is maximized when all states use an equally weighted three-factor formula. 14. [4] Suppose a state earmarks lottery revenue for education spending and raises $500 million in revenue. This policy is a transparent way of raising revenue because it is clear that the lottery proceeds will increase education spending by $500 million. 15. [3] Only residents of St. Louis, MO pay the St. Louis earnings tax- 16. [3] Federal law requires that states have a balanced budget. 17. [3] In most states, the governor is responsible for balancing the budget when a decit appears likely. 18. [3] Businesses are not taxed by local governments. 19. [3] Severance taxes can raise substantial amounts of revenue but are highly volatile (variable in the amount of revenue collected from year-to-year). 20. [3] Severance taxes are intended to compensate residents in the state in which they are levied for the extraction of the state's natural resourcesStep by Step Solution
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