Governments can function to reallocate resources more equitably, but are powerless to effect greater efficiency.

Question

Quizplus · Accepted Answer

This statement is not entirely true. Governments can indeed work towards reallocating resources more equitably, but they can also take steps to improve efficiency through policies such as streamlining bureaucratic processes, providing incentives for innovation, and investing in infrastructure. Therefore, governments are not totally powerless when it comes to improving efficiency.

Governments Can Function to Reallocate Resources More Equitably, but Are