123. (Consider This) Payout rates for state lotteries:A. are considerably lower than payout rates from casinos.B. are considerably higher than payout rates from casinos.C. are roughly equal to the payout rates from casinos.D. cannot be compared with casino payout rates because states do not typically disclose their payout rates.Answer: ATopic: State and local financeLearning Objective: 19-01: Identify the main categories of government spending and the main sources of government revenue.
Difficulty: 1 EasyBloom’s: Level 1 RememberAACSB: Reflective Thinking Status: New[Question]124. (Consider This) A value-added tax (VAT):
Difficulty: 1 EasyBloom’s: Level 1 Remember AACSB: Reflective Thinking Status: New[Question]125. (Consider This) Proponents of a value-added tax (VAT) claim that a VAT: