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Answer:
D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.
Explanation:
Based on the scenario been described in the question, we can say that a permanent fund classified under governmental funds are accounts for resources that are legally restricted so only earnings, not principal, may be expended. We have government funds as special service funds and debt service funds. so we this explanation, we can see that the best is option D which is the correct answer.
Answer: False
Explanation:
First calculate the expected value for both securities:
Security AA:
= (0.2 * 30%) + (0.6 * 10%) + (0.2 * -5%)
= 6% + 6% + (-1%)
= 11%
Security BB
= (0.2 * -10%) + (0.6 * 5%) + (0.2 * 50%)
= -2% + 3% + 10%
= 11%
<em>They both have the same expected return so the investor will be indifferent. Statement is therefore false.</em>
Answer:
d. the maximization of output from available resources.
Explanation:
Efficiency is a situation where every resource is used in an optimal way to give the best possible result and eliminate waste. Efficient production is one with the lowest costs. Economic efficiency is, therefore, the maximization of scarce resources to achieve the most economic benefit or output to consumers.
Efficiency is a relationship between inputs and output. It involves around how to use less inputs to get more value in the output. Economic efficiency focuses on the value obtained rather than quantities. It will include efficient production, efficient distribution, and efficient consumption of goods and services.
it would be D. i hope you have a great day and that you gat good grades on this. :)
