One Key Difference Between Government Activities and Private Transactions Is

question 252

Multiple Choice

One key difference between government activities and private transactions is that

• A) government can enforce involuntary transactions, whereas private transactions are mostly voluntary.
• B) government can produce only services, whereas private producers can produce both goods and services.
• C) government does not run any production operations, whereas private firms have the main purpose of running production operations.
• D) government does not earn revenues from its activities, whereas private firms aim to earn revenues and profits.

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Definitions:

Salespeople

Professionals who sell products or services directly to consumers or businesses.

Mobile

Pertaining to devices that are portable, allowing for telecommunications and computing on the go.

Net Price

The price after allowance for all discounts.

Standard Price

The regular or fixed cost of a product or service, typically unaffected by discounts or special offers.