Provide a detailed justification and graphical illustration

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Question: If a community makes different spending decisions when offered a block grant or, alternatively, a categorical grant of equal size, we know that

(a) The community reaches a higher level of social welfare under the block grant.

(b) The categorical grant elicits more spending in the designated category than the block grant does.

(c) The categorical grant elicits a level of community expenditures in the designated category equal to the size of the grant.

(d) All of the above. Choose the relevant option and provide a detailed justification and a graphical illustration.

Reference no: EM131524661

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