The Difference Between Assets and Liabilities in a Governmental Unit

question 6

Multiple Choice

The difference between assets and liabilities in a governmental unit is called:

• A)​Equity
• B)​Governmental equity
• C)​Fund Balance
• D)​Distributive Cash Flow

---

Definitions:

Emission Control Devices

Technologies or equipment installed on vehicles or industrial plants to reduce pollutants released into the atmosphere.

External Costs

Costs that are not borne by the parties involved in an economic transaction but by other individuals or society at large.

Auto Pollution

Auto pollution refers to the emissions generated by motor vehicles that contribute to air pollution.

Equilibrium Price

Equilibrium price is the price at which the quantity of a good demanded equals the quantity supplied, thus no surplus or shortage exists.