The Fact That All Citizens,whether They Pay Taxes or Not,benefit

question 49

Multiple Choice

The fact that all citizens,whether they pay taxes or not,benefit from expenditures on national defense is an example of a(n)

• A) unfair distribution of income.
• B) external economy.
• C) external diseconomy.
• D) public good.
• E) transfer payment.

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Definitions:

Limitations Period

A set period of time within which a legal claim must be filed or be permanently barred.

Breach

A violation or infringement of a law, obligation, standard, or agreement.

Commercially Impracticable

A doctrine where parties are relieved from their contractual duties when events have occurred making performance excessively difficult or costly.

Unforeseen Shortage

A sudden and unexpected lack of necessary supplies or resources.