Which of the Following Statements Is Correct

question 292

Multiple Choice

Which of the following statements is correct?

• A) Common resources are nonexcludable and nonrival in consumption.
• B) Uncongested toll roads are an example of the free rider problem.
• C) When African elephants were privatized, the survival of the species improved.
• D) Fish in the ocean are excludable but nonrival in consumption.

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Definitions:

Order

A request by a customer or company to purchase goods or services, often formalized through a purchase order document.

Ledger

A book or collection of accounts in which account transactions are recorded, categorized by account type, and used to prepare financial statements.

Normal Balances

The typical balance sides (debit or credit) for different types of accounts in accounting, determining how increases or decreases are recorded.

Accumulated Depreciation

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset over its useful life to reflect its loss of value.