Which of the Following Is Generally Considered to Be a Positive

question 30

Multiple Choice

Which of the following is generally considered to be a positive fiscal characteristic for a city?

• A) An increasing amount of payroll costs.
• B) An increasing amount of expenditures for specific functions.
• C) An increasing percentage of nondiscretionary expenditures.
• D) An increasing percentage of discretionary expenditures.

Analyze the role of property rights and bargaining (Coase Theorem) in resolving externalities.

Understand the basic principles and classifications of tort law.

Identify the various defenses available in tort actions.

Comprehend the role and limitations of tort law in compensating victims.

---

Definitions:

Purely Competitive Industry

A purely competitive industry is characterized by many buyers and sellers, homogenous products, and free entry and exit from the market, ensuring no single entity can control the market price.

Units of Output

Quantities of product or service produced by a company, which can be measured to assess productivity or performance.

Quantity Supplied

The amount of a product that producers are willing and able to sell at a given price over a specified period of time.

Product Price

The amount of money required to purchase a good or service, commonly influenced by costs, demand, and supply factors.