The Devices the Government Can Use to Achieve a More

question 85

Multiple Choice

The devices the government can use to achieve a more efficient allocation of resources in the presence of external benefits include all of the following except

• A)intellectual property rights.
• B)subsidies.
• C)public production.
• D)marketable permits.
• E)patents.

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Definitions:

Potential Energy

The energy stored in an object due to its position, composition, or condition, with the potential to cause changes when released.

Molecules

Groups of two or more atoms held together by chemical bonds, representing the smallest fundamental unit of a chemical compound that can take part in a chemical reaction.

Active Site

A specific region of an enzyme (generally near the surface) that accepts one or more substrates and catalyzes a chemical reaction. Compare with allosteric site.

Enzyme Molecule

A biological catalyst that speeds up the rate of chemical reactions in cells without being consumed in the process.