Which of the Following Best Summarizes the Conclusion of a 1986

question 331

Multiple Choice

Which of the following best summarizes the conclusion of a 1986 study of segregated streetcars in southern cities?

• A) Business owners are usually more interested in making profit than in discriminating against a particular group.
• B) Government intervention is usually necessary to force business owners to end discriminatory practices.
• C) Market forces and profit motives are usually not strong enough to prompt firms to stop discriminating against a particular group.
• D) Consumer discrimination is a much larger problem than employer discrimination.

Identify and analyze issues related to public goods and their allocation through majority voting.

Recognize the phenomenon of political corruption and the reasons behind regulatory capture.

Analyze the impact of special interest groups and lobbyism on democratic processes and government policies.

Understand the economic inefficiencies that can result from majority voting and methods to resolve such inefficiencies.

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Definitions:

Accounting Period

A specific period of time for which financial information is reported, typically a fiscal year or quarter.

Expense Accounts

Accounts in the general ledger representing the various costs incurred by a company in the course of its operations, excluding product cost.

Accrual Method

An accounting technique that records revenues and expenses when they are incurred, regardless of when cash transactions occur.

Reversing Entries

An accounting method used to reverse journal entries, typically at the beginning of a new accounting period, to cancel adjustments made in the previous period.