Which of the Following Statements Is True

question 210

Multiple Choice

Which of the following statements is true?

• A)When the forces of supply and demand determine for whom goods are produced in a society,an equitable distribution of income will naturally result.
• B)An external benefit will occur when a third party enjoys some of the benefits derived from production of some good or service.
• C)One of the roles of our government is to provide a job to any able-bodied person who wants a job.
• D)The price mechanism will work well if there are at least two companies that are competing against each other.

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Definitions:

Writ of Summons

A formal legal document issued by a court that initiates a lawsuit and requires the defendant to respond to the charges.

Discovery

Pre-trial disclosure of information, consisting of discovery of documents and examination for discovery.

Judgment Creditor

The person to whom a court awards damages or costs.

Garnishee Order

A legal order issued by a court that requires a third party to withhold the assets of a debtor, typically used to secure payment of a debt or judgment.