All of the Following Are Devices That Governments Can Use

question 181

Multiple Choice

All of the following are devices that governments can use to achieve a more efficient allocation of resources in the presence of external benefits EXCEPT

• A) vouchers.
• B) private subsidies.
• C) marketable permits.
• D) public provision.

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Definitions:

Perpetual Inventory System

A system of accounting for inventory wherein sales or purchases are immediately documented utilizing computerized point-of-sale systems along with enterprise asset management software.

Return of Merchandise

The process where goods are returned to the seller from the buyer, often due to defect or dissatisfaction.

Accounts Payable

Liabilities of a business that represent amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Balance Sheets

Financial statements that summarize a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.