Which of the Following Is Least Likely to Have a Liability

question 91

Multiple Choice

Which of the following is least likely to have a liability called Deferred Revenue?

• A) an insurance company
• B) a magazine subscription company
• C) a retailer
• D) a university or college

Recognize the role of government interventions, such as subsidies and taxes, in internalizing externalities.

Understand the Coase theorem and its implications for private solutions to externality problems.

Discuss various policy tools for managing pollution and environmental harm.

Identify the characteristics of public goods and the problems associated with their provision.

---

Definitions:

Ernest Hilgard

A psychologist known for his work on hypnosis and the theory of the "hidden observer" which suggests a split in awareness during hypnosis.

Top-down Processing

The cognitive process that involves using context or general knowledge to interpret information.

Anticipate

To expect or predict something to happen in the future based on current knowledge or instincts.

Unpleasant Tastes

tastes that are perceived as disagreeable, off-putting, or repulsive to the taste buds.