Which of the Following Is Not a Characteristic of a Public

question 24

Multiple Choice

Which of the following is not a characteristic of a public assistance program benefits?

• A)based on demonstrated need
• B)subject to change
• C)fully funded
• D)funded by general taxes

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Definitions:

Private Cost

The cost of a production activity that is directly borne by an enterprise.

Gallon

A gallon is a unit of volume measurement used primarily in the United States, equal to 3.785 liters.

Externality

An outcome from economic actions affecting external third parties not related to the activity, which could be either advantageous or detrimental.

Market

A system or an area where buyers and sellers interact to trade goods, services, or financial instruments.