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ollegr [7]
3 years ago
11

Assume that there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pa

y for it. This characteristic is associated with___________.
a. rival goods.
b. complementary goods.c. public goods.d.capital goods.
Business
1 answer:
Katena32 [7]3 years ago
7 0

Assume that there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. This characteristic is associated with <u>Public goods</u>

Explanation:

Public goods are also known as non-exclusionary goods. This means that no one can be left out from the collective use of the goods for not paying to use it. These goods are meant for collective good. Some of the examples include roads, health, parks to name a few.

An Interstate highway maintained by a state authority is open for all its citizen. Since there is no way a state can prevent anyone from using it based on their payment it qualifies for the characteristic of being a public good.

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Which of the following types of pronouncements are intended to establish the objectives and concepts that the FASB will use in d
mezya [45]

Answer:

The correct answer is option A) Statement of Concepts

Explanation:

The Financial Accounting and Standard Board (FASB) pronouncements intended to establish the objectives and concepts that the FASB will use in developing standards of financial accounting and reporting is Statement of Concepts.

Statement of Concepts is intended to serve the general interest of the public by setting the objectives, characteristics, specific qualities, and other parameters that guide selection of economic concepts that will be recognized and reflected in financial statements for financial reporting.

Statement of concepts guide the FASB in developing well researched and informed accounting principles that reflects the contents and inherent limitations that will be used in developing standards of financial accounting and reporting.

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3 years ago
A local regulator has calculated the average cost of production for the public water utility. Theregulator has allowed an adjust
Varvara68 [4.7K]

Answer:

A. cost-plus regulation

Explanation:

When a local regulator calculates the average cost of production for the public water utility or any other service and allow an adjustment for the normal rate of profit the firm should expect to earn, and then set the price that consumers can be charged accordingly, this is known as cost-plus regulation.

It is usually carried out by the government.

8 0
2 years ago
In a balanced budget, the amount you ______ is ______ the amount you earn.
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Answer:

Answer is b

Explanation:

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5 0
1 year ago
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Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists would expect:Andy's demand
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Answer: Andy's demand for beer to increase

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Andy's views beer and pizza as complement to each other. Hence when the price of pizza decreases Andy's demand for beer would increase as he would order more beer than pizza so as to complement both offers.

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3 years ago
SCENARIO 1.1: An economist wants to understand the relationship between minimum wages and the levelof teenage unemployment. The
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Answer : Minimum Wage

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