The central economic problem of fiscal federalism is:
a. the division of taxing and expenditure functions among different levels government.
b. the choice of the collective choice rule for central governments only.
c. the level of public goods to be provided by a central government only.
d.how to achieve an equitable distribution of income.
This is the definition of fiscal federalism, from Wikipedia (wikipedia cites Oates' paper in ...
Fiscal Federalism economic problems are determined.
The Importance of Fiscal Federalism
According to Musgrave and Oats, fiscal federalism is the division of public sector functions and finances among different tiers of government. It is a system of transfer payments or grants by which a federal government shares its revenues with lower levels of governmentView Full Posting Details