Which of the Following Government Programs Will Create a Shortage

question 183

Multiple Choice

Which of the following government programs will create a shortage?

• A)Support prices.
• B)Ceiling prices.
• C)Sales tax.
• D)None of these choices will create a shortage.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Net Income

Refers to the total earnings or profit of a company after subtracting all expenses from its total revenue.

Total Debts

The sum of all financial obligations a company owes to outside parties, including both short-term and long-term liabilities.

Current Liabilities

Short-term financial obligations that a company is required to pay within a year.