Which of the Following Are Devices That the Government Uses

question 149

Multiple Choice

Which of the following are devices that the government uses to achieve a more efficient allocation of resources in the presence of external benefits?

• A) taxes, private subsidies, and regulation
• B) public provision, taxes, and private subsidies
• C) regulations, public provision, and vouchers
• D) vouchers, public provision, and private subsidies
• E) public provision, taxes, and vouchers

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Definitions:

Subordinate Search

The process undertaken by employees or individuals lower in a hierarchy seeking out information, often to support decision-making or problem-solving efforts.

Perceived Risk

The level of risk that a consumer believes exists when purchasing a product or service, affecting their decision-making process.

Functional Risk

Relates to the possibility that a product or service may not perform as expected, leading to dissatisfaction or potential loss for the consumer.

Practical Consumer

An individual who prioritizes functionality, value, and necessity over luxury or brand prestige when making purchasing decisions.