Which of the Following Functions of Government Gives Property Owners

question 249

Multiple Choice

Which of the following functions of government gives property owners the incentive to use their property efficiently?

• A) making sure that courts are lenient on people who steal private property
• B) the protection of property rights
• C) the enforcement of antitrust legislation
• D) the financing of public goods

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Definitions:

General Journal

A primary accounting record used to record all non-specific financial transactions of a business in chronological order.

Sales Tax

A consumption tax imposed by the government on the sale of goods and services, collected by the retailer at the point of sale.

Full Payment

Completion of payment for a product or service in total, settling all owed amounts without remaining balances.

General Journal

A fundamental accounting ledger where all financial transactions are initially recorded, employing a double-entry system.