Which of the Following Would Be True of Libertarians

question 74

Multiple Choice

Which of the following would be true of libertarians?

• A) They would advocate for the redistribution of income.
• B) They would advocate for government regulation of the economy.
• C) They would advocate for a government-funded health-care system.
• D) They would strongly oppose most government activities.
• E) They would want government action to support traditional values.

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Definitions:

Prepaid Expense Account

An asset account that represents payments made in advance for goods or services to be received in the future.

Expenses

Outflows of resources or incurring of liabilities (or a combination of both) resulting from a company's activities intended to generate income.

Assets

Economic resources owned or controlled by a business or an individual that are expected to produce value.

Accounting Information System

A system designed to collect, store, manage, process, retrieve, and report financial data for its users.