09-05 Explain How Governments Try to Encourage Production of Goods

question 38

Multiple Choice

09-05 Explain how governments try to encourage production of goods and services;such as education;that carry external benefits.
09-18 Providing Subsidies
Added Y axis line.

-The diagram above represents an industry.Assuming that the market structure for this industry is perfect competition,the producer surplus is shown by the area:

• A)BEC
• B)AEC
• C)AFC
• D)BED

Appreciate the relevance of stakeholder attributes in entrepreneurship.

Grasp the concepts of earned-income activities and venture philanthropy in funding social ventures.

Recognize the potential of microloans to enable entrepreneurship in poverty-stricken areas.

Understand the principles of entrepreneurship applied to achieve social and economic value.

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Definitions:

Pharynx

The muscular tube that connects the mouth and nasal passages to the esophagus and larynx, serving both respiratory and digestive functions.

Primary Teeth

The first set of teeth in the development of humans and other mammals, also known as baby or milk teeth, which are eventually replaced by permanent teeth.

Lingual Frenulum

A small fold of mucous membrane that attaches the middle of the under surface of the tongue to the floor of the mouth, aiding in tongue movement.

Tongue

A muscular organ in the mouth that aids in chewing, swallowing, and taste sensation.