Which of the following services is NOT financed not by taxes, but instead by user fees or charges that cover both operating and capital cost?Select one:a.mass transitb.electricity utilityservicesc.fire stationd.water utility services
Question
Which of the following services is NOT financed not by taxes, but instead by user fees or charges that cover both operating and capital cost?Select one:a.mass transitb.electricity utilityservicesc.fire stationd.water utility services
Solution
The correct answer is b. Electricity utility services. These services are typically not financed by taxes, but instead by user fees or charges that cover both operating and capital costs. This is because electricity is often provided by private companies, not the government, and these companies charge users directly for the service. On the other hand, services like mass transit, fire stations, and water utilities are often provided by the government and are typically financed by taxes.
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