Government uses all of the following ways to redistribute in…

JAMB Economics 2023 48 views

Government uses all of the following ways to redistribute income, except

  1. Transfer earnings
  2. Market intervention
  3. Limited liability ✓
  4. Taxation

Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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