Income is redistributed when the rich are progressively t...
Income is redistributed when the rich are progressively taxed and
More private schools are established
Subsidy is provided on petroleum products
More public goods are provided
Farmers are given guaranteed prices
Correct answer is C
Income Redistribution is an economic practice which is aimed at leveling the distribution of wealth or income in a society through a direct or indirect transfer of income from the rich to the poor. Economists or Governments adopt economic policies and strategies like progressive taxation to implement this phenomenon. The tax is used to build public infrastructure.
The following are the objectives of economic planning EXCEPT ...
A modern corporation is owned by ...
One objective of organisation of patroleum exporting countries (OPEC) is to? ...
The total amount of money in circulation includes cash ...
The advantages which firms obtain directly from expanding their operations are referred to as? ...
Which of the following agencies help to stabilize farmer's income? ...
The cross-elasticity of demand between complementary goods is ...
One of the probable effects of an increased minimum wage in Nigeria is? ...