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Questions and Answers
Which factor influences the allocation of resources by providing allowance and tax concessions to manufacturers?
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?
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?
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?
What is the main aim of managing public enterprises?
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What is the role of reallocation of resources in an economy?
What is the role of reallocation of resources in an economy?
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