Which of the Following Is Least Likely to Be the Case

question 122

Multiple Choice

Which of the following is least likely to be the case?

• A)Food stamps encourage the production of more food.
• B)Housing subsidies encourage the production of additional housing.
• C)Medicare changes the mix of output away from medical services.
• D)Student loans change the mix of output in favor of educational services.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure their equality.

Accounts Balances

The total amounts present in financial accounts, reflecting credits minus debits at a specific point in time.

Trial Balance

A worksheet for accounting purposes that gathers all ledger account balances into credit and debit columns to confirm that a company's financial records are mathematically precise.

Assets

Resources owned or controlled by a business, expected to bring future economic benefits.