The Role of Resource Reallocation in Social and Economic Advantages
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Questions and Answers

Which factor influences the allocation of resources by providing allowance and tax concessions to manufacturers?

  • Direct production of goods and services (correct)
  • Manage public enterprises
  • Economic stability
  • Minimise inequalities in income and wealth
  • What is the purpose of the government imposing a tax on the elite class and spending extra on the well-being of the poor?

  • To avoid business fluctuations
  • To encourage investment
  • To bring equality in income and wealth (correct)
  • To distribute resources
  • Which policy assists in balancing prices in the economy by implementing a deficit budget during deflation and an excess budget during inflation?

  • Allowance or Tax concessions
  • Direct production of goods and services
  • Economic stability (correct)
  • Minimise inequalities in income and wealth
  • What is the main aim of managing public enterprises?

    <p>To avoid business fluctuations</p> Signup and view all the answers

    What is the role of reallocation of resources in an economy?

    <p>To distribute resources</p> Signup and view all the answers

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