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Economics
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1 Nov 2020

5. _____________________ means taking income from those with higher incomes and providing income to those with lower incomes.

a. Reorganization of income

b. Redistribution

c. Progressive legislation

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Microeconomics
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Evaluating the Government Policies to Reduce Income Inequality
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Raushan Raj
Raushan RajLv8
1 Nov 2020

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Related questions

As urban workers experienced growing wealth in the 1920s, farmers:

a. saw their incomes decline and debt grow.

b. saw their incomes grow faster than those of industrial workers.

c. began to charge significantly higher prices for their crops.

d. began to unionize in hopes of earning higher wages.

4. If a society decides to reduce the level of economic inequality, the main sets of tools at its disposal include:

a.redistribution from those with high incomes to those with low incomes;

b. trying to assure that a ladder of opportunity is widely available;

c. tax on inheritance.

d. all of the above

If the inflation rate increases faster than their income, people will most likely:
 
A. use a higher proportion of their incomes on basic needs
B. spend a lower proportion of their incomes on basic needs
C. get more goods and services for less money
D. obtain less goods and services for less money 

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