QUESTION 1 1. All of the following are significant differences between the economic position of state and local governments and private corporations, EXCEPT: Governments are more exposed to competition than corporations are Governments are less able to budget deficit spending in a year than corporations are b. Government tax revenues are less directly linked to their service efforts than corporations revenues are to the services corporations provide their customers O Governments do not have a profit motive, while corporations do try to make profits for shareholders d