Type of expenditure at the local level
What is the most important source of revenue and the major type of expenditure at the local level?
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At the local level the most important source of revenue is, by far, property taxes. Education is by far the most important expenditure.
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Assume that you bought a ton of gold in Santiago, and Chile for $450 per ounce and immediately sold all of this in Antwerp, Belgium for $480 per ounce. Therefore economists would categorize your movement as: (i) arbitrage. (ii) scalping. (iii) screening. (iv) speculat
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