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

Economics
JAMB 2023

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

  • A. Market intervention
  • B. Transfer earnings
  • C. Limited liability
  • D. Taxation
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Correct Answer: Option C
Explanation

Limited liability is not a mechanism Government use to redistribute income. Government redistribute income in the following ways: taxation, welfare, public services, land reform, monetary policies etc.

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