A Subsidy Is Sometimes Used by the Government to Correct

question 162

Multiple Choice

A subsidy is sometimes used by the government to correct the problems associated with

• A) negative externalities.
• B) positive externalities.
• C) public goods.
• D) monopolies.

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Definitions:

Operating Temperature

The range of temperature within which a mechanical or electrical device can function optimally and safely.

Flow Meter

A device used to measure the rate or quantity of a fluid moving through a pipe or opening.

Gate Valve

A type of valve that uses a flat plate or gate to open or close the flow of liquid through a pipe.

Unitized Steering Axles

Steering axles that are designed as a single unit, often seen in lightweight and efficient vehicle designs, improving handling and space usage.