Which of the Following Statements Is True

question 177

Multiple Choice

Which of the following statements is true?

• A)A tax applied to an activity that generates a negative externality always brings about the socially optimal level of output.
• B)A subsidy applied to an activity that generates a positive externality always brings about the socially optimal level of output.
• C)a and b
• D)none of the above

Understand the role and protection offered by insurance in the workplace, including health, disability, and unemployment insurance.

Recognize the significance of retirement plans and their impact on long-term employment relationships.

Understand how employee benefits contribute to a positive workplace culture and employee well-being.

Comprehend the benefits administration process and the role of HR in managing employee benefits.

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Definitions:

Test Category

The classification of an examination or assessment into a specific group based on its nature, purpose, or content.

Bennett Test

A mechanical comprehension test, often used for employment screening, that assesses an individual's ability to understand mechanical concepts.

Mechanical Comprehension

The ability to understand and apply mechanical concepts and principles to solve problems.

Test Category

A classification or grouping of tests based on their similar characteristics or the purpose they serve.