Check my answers economics?

[darrell]

Need some help in Economics to check my answers, if youu can help me out answer it if not just ignore it...

1. What is the difference between Medicare and Medicaid?
*Medicare is for people over age 65, whereas Medicaid is for low–income families.
Medicare is for adults, whereas Medicaid is for children under 16 years old.
Medicare is a program of the individual states, whereas Medicaid is a federal program.
There is no difference; they are different names for the same program.
2. What is a "means–tested" program?
one with no federal entitlements
one that depends on age–related criteria for benefits
one for which those with higher incomes receive lower benefits or no benefits at all
*one for which the recipient must have contributed to it in order to qualify for benefits
3. What is the largest category of federal spending?
*foreign aid
law enforcement
education and training
social security
4. What is one reason the government has only limited control of its spending?
When criteria have been set for a program there is no control of how many people will qualify.
*Congress can change the number of people who qualify for a program but not how much they will receive.
The government cannot control how much money will be spent on education in a given year.
When the government starts some programs it does not know what they will cost.
5. Why are Social Security and Medicare spending expected to increase further in the near future?
The amounts people receive are expected to take a big jump.
The baby boomer generation will qualify for both programs.
The people who qualify will all receive the maximum benefit.
*The generation over age 85 will qualift for expensive medical programs.
6. What is the major source of revenue for most state governments?
sales and individual income taxes
property and gasoline taxes
alcohol and tobacco taxes
*business income and licensing taxes
7. How do most states finance their capital budget?
sales or excise taxes
*income and property taxes
long-term borrowing or sale of bonds
personal property or inheritance taxes
8. What are the main sources of revenue for local governments?
*state grants
federal grants
income tax
property taxes
9. How does the concept of a balanced budget apply to state government?
Only the capital budget must be balanced.
Only the operating budget must be balanced.
*Both the operating budget and the capital budget must be balanced.
Neither the operating budget nor the capital budget must be balanced.
10. For which expense do state governments provide financial help to their local governments?
*parks and recreation
trash and garbage collection
election supervision
public school systems