The Notion That Taxpayers Would Willingly Vote for a Program

question 38

Multiple Choice

The notion that taxpayers would willingly vote for a program such as Head Start is explained by economists as voters recognizing the _______ of having the children in quality child care.

• A)external costs
• B)marginal costs
• C)private benefits
• D)external benefits

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Definitions:

Cash

Money in the form of coins or banknotes, typically used for transactions.

Fees Earned

Income generated from providing services to clients or customers, often recorded when the service is performed under accrual accounting.

Wages Payable

The total amount of wages that a company owes to its employees for work performed but has not yet paid.

Prepaid Advertising

Represents the costs paid in advance for advertising services, which will be expensed over time as the advertising benefits are received.