Question: (a) Describe how efficiency and equity are compromised when a poverty reduction policy is implemented. (5 marks) (b) News outlets in Singapore have recently discussed

(a) Describe how efficiency and equity are compromised when a poverty reduction policy is implemented. (5 marks)

(b) News outlets in Singapore have recently discussed the possibility of governments financially rescuing Singapore Airlines, in the event of a prolonged Covid-19 pandemic. ( https://www.reuters.com/article/us-health-coronavirus-airlines-idUSKBN21D3UWLinks to an external site. )

Why is the government bailing out Singapore Airlines or even just giving them a cheap loan? a) What are the main reasons for the government to intervene? (5 marks)

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a When a poverty reduction policy is implemented efficiency and equity can be compromised in the following ways Efficiency 1 Misallocation of resource... View full answer

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