All of the Following Are Examples of Goods for Which

question 79

Multiple Choice

All of the following are examples of goods for which external costs commonly exist EXCEPT

• A) cigarettes.
• B) automobiles.
• C) vaccinations.
• D) oil transportation.

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Definitions:

Money Markets

Financial markets for short-term borrowing and lending, typically with maturities of less than one year.

Current Asset

An asset expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer.

Non-current Asset

Long-term investments or properties that a company holds and are not expected to be converted into cash within a year.

Current Liability

A financial obligation that is due to be settled within one year or within the normal operating cycle, whichever is longer.