Which of the Following Is Not Universally Accepted as Being

question 4

Multiple Choice

Which of the following is not universally accepted as being a reason for legitimate government policy?

• A) The provision of merit goods
• B) The provision of public goods
• C) The need to take account of externalities
• D) Very high taxation rates on the richer members of society

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Definitions:

New York Convention

An international treaty designed to facilitate the recognition and enforcement of foreign arbitral awards.

Arbitration Clause

A provision in a contract that requires the parties to resolve disputes through arbitration rather than through litigation.

Power-Generating Equipment

Machinery and systems designed to convert various forms of energy into electrical power.

Outer Space Treaty

An international agreement establishing the legal framework for the conduct of nations in the exploration and use of outer space.