Which of the Following Is Concerned with the Distribution Part

question 122

Multiple Choice

Which of the following is concerned with the distribution part of resource allocation?

• A)An economy decides to produce equal quantities wheat, rice, and clothes.
• B)An economy decides to use 25 percent of the available capital for producing clothes.
• C)An economy decides to ration 40 percent of its output to low income groups.
• D)An economy decides to use more labor for producing wheat and rice.

Distinguish between different forms of employment relationships and the legal criteria used to evaluate them.

Understand the implications of vicarious liability for employers in cases of employee negligence.

Recognize the legal requirements and employment standards pertaining to notice periods and severance pay.

Understand the procedures and conditions for decertification of a union.

---

Definitions:

Revocation Of Wills

The legal process by which a testator cancels or invalidates their will or a portion thereof.

Physical Destruction

Physical destruction refers to the deliberate dismantling or ruining of objects, infrastructure, or property through various means like demolition or natural disasters.

Operation Of Law

A legal term that indicates a transfer or alteration of rights or obligations occurs automatically due to predetermined legal rules, rather than actions by the party involved.

Constructive Trustee

A person appointed by a court to hold and manage assets for the benefit of another, typically due to wrongful possession or acquisition of those assets.