Revenue Allocation (Including Resource Control) - SS2 Economics Past Questions and Answers - page 1
What is revenue allocation?
The process of distributing income or financial resources
The authority to manage natural resources
The process of regulating economic development
The control of resources within a jurisdiction
What is resource control?
The process of distributing income or financial resources
The authority to manage natural resources
The process of regulating economic development
The control of resources within a jurisdiction
What is the aim of revenue allocation?
To ensure resources are shared fairly and equitably
To promote conflict between different levels of government
To control the distribution of natural resources
To regulate economic development
How are revenue allocation and resource control interconnected?
They are not interconnected
The distribution of revenue can be influenced by the control of resources
They are completely separate issues
Resource control is not important for revenue allocation
What can the control of resources be a source of?
Economic development
Political unity
Conflict
Social welfare
Why is revenue allocation important?
To ensure that resources are shared fairly and equitably, and to promote economic development and social welfare.
Define resource control
Resource control is the authority of a government or community to manage and regulate natural resources within its jurisdiction.