Which of the Following Are Devices That the Government Uses

question 108

Multiple Choice

Which of the following are devices that the government uses to achieve a more efficient allocation of resources in the presence of external benefits?

• A) Regulations, public provision and vouchers
• B) Public provision, taxes and private subsidies
• C) Taxes, private subsidies and regulation
• D) Public provision, taxes and vouchers
• E) Vouchers, public provision and private subsidies

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Definitions:

Expenditures

The act of spending money or utilizing resources for various purposes, including paying for goods, services, or obligations.

Expected-Rate-Of-Return

The forecasted percentage gain or loss that an investment is anticipated to generate over a specified period.

Average Total Cost

the cost per unit is calculated by dividing the entire production cost by the quantity of units produced.

Total Revenue

The total amount of money generated from the sale of goods or services by a company before any expenses are subtracted.