Which type of function government is performing when it gives unemployment Benefits and resorts to progressive taxation?

CA Foundation · Business Economics · MTP · June 2024
Which type of function government is performing when it gives unemployment Benefits and resorts to progressive taxation?
(A) A. Macro Economic stabilization
(B) B. Redistribution of income
(C) C. resource allocation
(D) D. Price stability

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Redistribution of income

Topics: Price Determination in Different Markets

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