Which of the Following Is Not Provided by a Special

question 10

Multiple Choice

Which of the following is not provided by a special district?

• A) hospitals
• B) schools
• C) flood control
• D) city police
• E) utilities

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Definitions:

Techniques of Production

The methods and processes used in the transformation of inputs into outputs by firms in the production of goods and services.

Price of Output

The amount of money that a producer receives for selling one unit of a product or service in the market.

Price of Inputs

The cost of resources used in the production of goods and services, including materials, labor, and overheads.

Sunk Cost

Expenses that have already been incurred and cannot be recovered, and should not affect future economic decisions.