Which of the Ten Principles of Economics Do Governments Run

question 92

Multiple Choice

Which of the Ten Principles of Economics do governments run into when they redistribute income to achieve greater equality?

• A)Trade can make everyone better off.
• B)The cost of something is what you give up to get it.
• C)People face trade-offs.
• D)Markets are usually a good way to organize economic activity.

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Definitions:

Delegation of Authority

The process by which responsibility and authority are transferred from one person or group to another, often to ensure tasks and decisions are made effectively.

Assigned Tasks

Specific duties or responsibilities allocated to individuals or teams to complete within a given timeframe.