Author Question: A device that enables a state or local government to borrow money to finance a project and pay back ... (Read 180 times)

sarasara · **on:** Jul 9, 2018

A device that enables a state or local government to borrow money to finance a project and pay back the money from income earned by the project is:

A. a revenue bond.
B. a general obligation bond.
C. an income bond.
D. a serial bond.

Question 2

The portion of costs of producing private goods and services that is borne by the public instead of being borne by the sales price of the good or service is called:

A. a merit good.
B. an externality.
C. a social good.
D. a private cost.