The Devices the Government Can Use to Achieve a More

question 45

Multiple Choice

The devices the government can use to achieve a more efficient allocation of resources in the presence of external benefits include all of the following except

• A)subsidies.
• B)patents.
• C)copyrights.
• D)taxes.
• E)vouchers.

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Definitions:

Alternatives

Different options or choices available in a situation, allowing for a selection among various possible outcomes or actions.

Compromising

A process of making concessions to settle differences where both parties involved give up something to reach an agreement.

Problem-Solving

The process of finding solutions to difficult or complex issues.

Mediation

A conflict resolution process where a neutral third party facilitates negotiations between disputing parties to help them reach a mutually acceptable agreement.