For Which of the Following Reasons Is Government NOT Necessary

question 38

Multiple Choice

For which of the following reasons is government NOT necessary?

• A)to provide public goods
• B)to provide national defense
• C)to maintain order
• D)to provide private goods
• E)to protect property

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Definitions:

Book Value

The net value of an asset calculated as total assets minus total liabilities, often used to estimate a company's value.

Land Account

A type of asset account on a company's balance sheet that represents the cost of land owned by the company.

Expenditures

Outflows of money or other valuable assets that are paid or incurred as a result of acquiring goods or services.

Acquisition Cost

The total cost that a company recognizes for bringing an asset into its possession, including purchase price, installation charges, and other necessary expenditures.