Which Statement Is NOT Correct

question 6

Multiple Choice

Which statement is NOT correct?

• A) When economists evaluate a public policy they tend to count the benefits and costs to all individuals equally regardless of where they live.
• B) National governments usually weight the preferences of their citizens more heavily than they do the preferences of foreigners.
• C) If the gains to foreigners are counted as much as the gains to nationals are counted, Mexican immigration into the United States will look especially beneficial.
• D) Economists believe that if the United States is making decisions about its immigration policy, it should weight the benefits accruing solely to the U.S. citizens.

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Definitions:

Contra-Asset Account

An account on a company's balance sheet that reduces the value of a related account.

Bank Reconciliations

The process of matching and balancing figures in accounting records with those presented in a bank statement to ensure they are in agreement and accurate.

Outstanding Checks

Checks that have been written and recorded in the accounting books but have not yet been cashed or cleared by the bank.

Non-Sufficient Funds

A situation where a bank account does not have enough money to cover a transaction, resulting in a failed payment.