Question : Which objective of government budget is highlighted here? Government aims to relocate resources with the aim of profit maximization and public welfare according to the priority of the country.
Option 1: Reallocation of resources
Option 2: Reducing income inequalities
Option 3: Economic stability
Option 4: Economics growth
Correct Answer: Reallocation of resources
Solution : Under allocation of resources Government aims to relocate resources with the aim of profit maximization and public welfare according to the priority of the country. Hence Option A is correct.
Question : Which objective of government budget is highlighted here? High amount of taxation is imposed on rich class and more welfare is given to poor.
Question : Which objective of government budget is highlighted here? Government imposes heavy taxation to discourage the consumption of harmful consumption goods like liquor, cigarettes, etc.
Question : Which of the following is an example of positive economics?
Question : Normative economics deals with:
Question : Which of the following statements is an example of positive economics?
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