O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2022 · Q11 Mark
The Chinese government is concerned about the level of poverty and the need for more resources in low-income regions of the country. As a result, it is increasing its expenditure in those regions and reducing it in high-income regions. Which economic concept does this government policy illustrate?
Adiseconomies of scale
Bmarket forces
Copportunity cost
Dspecialisation
✓ Correct answer
C: opportunity cost
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