Which of the Following Factors Are Most Important to the Success

question 5

Multiple Choice

Which of the following factors are most important to the success of resource allocation policy?
(i) the policy must be well planned and well run
(ii) policymakers must have access to good information about the value of resources and how they affect economic wellbeing
(iii) policymakers must have altruistic motives for helping society

• A)(i) and (ii) only
• B)(i) and (iii) only
• C)(ii) and (iii) only
• D)(i), (ii) and (iii)

---

Definitions:

Voidable

A legal term describing a contract or transaction that may be declared invalid by one of the parties to the contract.

Minor's Option

The legal ability of a minor to affirm or void contracts and agreements, based on their lack of legal capacity to enter into contracts.

Deposit

An upfront payment or security placed in trust or as a guarantee for the fulfillment of an obligation or purchase.

Majority

More than half of a particular group or amount; often referring to the greater part of a specific population or quantity.