Which of the Following Categories Is/are Considered Program Revenues) in the Statement

question 75

Multiple Choice

Which of the following categories is/are considered program revenues) in the Statement of Activities of a local government?

• A) A grant from the state to construct utility plant.
• B) A motor fuel tax, restricted for road repairs.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Import Protections

Measures such as tariffs and quotas that countries implement to protect their domestic industries from foreign competition.

Consumer Surplus

The disparity between the amount consumers are prepared to spend on a product or service and the actual price they pay.

Import-Competing Industries

Sectors within an economy that produce goods or services in direct competition with imports, often affected by trade policies.

Comparative Advantage

The capacity of a person, business, or nation to generate a product or service with a lesser opportunity cost compared to rivals.