Antarctica is occupied by several nations together because no one nations has________________?
Correct answer: A. sovereignty over it
- A. sovereignty over it
- B. the desire to rule it
- C. interest in its resources
- D. the power to take it over
Explanation
The Antarctic Treaty prevents any one nation from establishing or asserting sovereignty over Antarctica, so it is managed cooperatively by several countries. Resource interest and military power do not explain its legal status.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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