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"If Income Were Redistributed in Favor of the Poor, We

Question 176

Multiple Choice

"If income were redistributed in favor of the poor, we would eliminate scarcity." The preceding statement is


A) essentially correct.
B) incorrect because scarcity has already been eliminated among the poor in wealthy countries such as the United States.
C) incorrect; it fails to recognize that poverty will be present as long as resources are scarce.
D) incorrect; it confuses the elimination of poverty with the elimination of the constraint imposed by scarcity.

Correct Answer:

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