A Community College Creates _____ for a Community

question 204

Multiple Choice

A community college creates _____ for a community.

• A) positive externalities
• B) negative externalities
• C) a tragedy of the commons
• D) a common property resource market failure

Understand the basis of the benefits-received principle of taxation and the ability-to-pay principle.

Understand the changes in government spending and tax structure from 1960 to 2018.

Grasp the concept of deficit spending and its impact on national debt.

Analyze the composition of federal tax revenues and spending allocations.

---

Definitions:

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, cooking, and electricity generation.

Foster Competition

means to encourage or promote a marketplace environment where businesses vie against one another, aiming to improve quality, innovation, and consumer choice.

Antirust Legislation

Laws and regulations designed to promote fair competition for the benefit of consumers by preventing monopolies, cartels, and other forms of market dominance that can lead to price fixing and reduced innovation.

Market Power

The ability of a company or entity to control prices or exclude competition within a particular market.