In Singapore, Littering Fines Are Strictly Enforced

question 497

Multiple Choice

In Singapore, littering fines are strictly enforced. This is an example of a policy that

• A)relies on moral codes to reduce the pollution externality.
• B)relies on the Coase Theorem.
• C)discriminates against foreigners.
• D)relies on incentives to reduce the pollution externality.

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Definitions:

Cash Receipts Journal

A financial journal used to record all cash inflows, tracking receipts from sales, loans, investments, and other sources.

Revenue Journal

A specialized accounting journal used to record the company's revenue transactions, distinguishing them from other types of financial transactions.

Accounts Payable Subsidiary Ledger

The subsidiary ledger containing the individual accounts with creditors (suppliers).

Cash Payments Journal

A business ledger that documents every cash expenditure or payment conducted by a company.