Answer:
Economic changes would not be considered a risk that needs to be analyzed as part of the risk assessment process.
Explanation:
Risk assessment is the process of identifying events that could potentially cause harm, to an individual, business or the environment and analysing them to get an acceptable tolerance level.
Risk assessment determines the likelihood of an event happening, it's impact, and tolerability the entity can take.
The environment is a major consideration of risk assessment, as risk is always inherent as business interacts with its environment.
Answer:
The correct answer is: taxes and government spending.
Explanation:
The government can reallocate resources from private and public goods through taxes and government spending. The government can reduce spending on private goods by imposing taxes.
It can increase the allocation of public goods by using these tax earnings to spend on public goods through government spending. In this way, the government can reach the efficient allocation of resources.
Demand is how much that thing is needed by people and quantity is how much of one thing they have. Hope that makes sense.
Example: The demand of milk has risen, so has the price.
Example: Having five jugs of milk is a large quantity.
