Which of the Following Is a Common Method Used by Government

question 243

Multiple Choice

Which of the following is a common method used by government to cope with the situation in which production of a good creates an external cost?

• A) removing property rights
• B) subsidizing production
• C) marketable permits
• D) lottery
• E) vouchers

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Definitions:

Federal Economic Policy

Government strategies and actions aimed at influencing or controlling the economy of a nation, including taxation, spending, and monetary regulation.

Legislative Achievements

Refers to the successful enactment of laws or statutes by a legislative body, such as a parliament or congress, which often reflects the body's effectiveness or priorities.

New Freedom

A collection of speeches Woodrow Wilson made during his presidential campaign of 1912, promising significant reforms for greater economic opportunity for all, while ensuring the tradition of limited government.

Woodrow Wilson

The 28th President of the United States (1913–1921), known for leading the country during World War I and advocating for the League of Nations.