You Live in an Area That Is Not Located Within

question 52

Multiple Choice

You live in an area that is not located within the boundary of a municipality. What type of area is this?

• A) Unorganized
• B) Differentiated
• C) Unincorporated
• D) Rural
• E) District

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Definitions:

Profit And Loss

The financial statement that summarizes revenues, costs, and expenses to show the net profit or loss of a business over a specific time period.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction, which are not reflected in the transaction's price, such as pollution caused by manufacturing.

Special-Interest Effect

The impact on policy or decision-making driven by the concentrated benefits to a small group while the costs are dispersed among the general population.

Pork-Barrel Politics

Refers to the allocation of public funds for projects designed primarily to benefit constituents of a politician in return for their political support.