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Economic Transfers Quiz

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Questions and Answers

What is an economic transfer?

A transfer of resources with the expectation of return

A transfer of resources with the intention of making a profit

A transfer of resources within the same individual or organization

A transfer of resources from one individual or organization to another without the expectation of return (correct)

Which of the following is an example of an economic transfer?

Stock market transactions

Government subsidies (correct)

Real estate investments

Corporate mergers and acquisitions

What is the primary purpose of economic redistribution?

To collect resources from individuals or groups

To promote organizational policies

To distribute resources proportionally or equally among participating members (correct)

To distribute resources unequally among participating members

Which process allows for the redistribution of resources within an economic system?

Economic transfer Signup and view all the answers

What do critics claim about some economic transfers from foreign governments to financially struggling organizations?

They have underlying agenda to promote organizational policies Signup and view all the answers

Which two examples demonstrate economic redistribution?

Progressive income tax systems and charity donations Signup and view all the answers

What is the purpose of the progressive income tax system?

To ensure the poorer members of society are given ample resources Signup and view all the answers

How do charity donations by wealthy individuals benefit them?

They allow for public recognition and admiration Signup and view all the answers

In less complex societies, what is the process where members of society give gifts to their chief called?

Tribute Signup and view all the answers

What does the marriage tradition of bride price in patrilineal societies involve?

A form of gift from the groom's family to the bride's family Signup and view all the answers

What is the primary purpose of the redistribution described in the text?

To ensure equal distribution of wealth Signup and view all the answers

What is a common outcome for wealthy individuals who make charity donations?

Public recognition and admiration Signup and view all the answers