The basic argument for income inequality is that:
A) the very rich establish consumption patterns that are desirable for all of society
B) political power is unequally distributed and it is logical that economic power be similarly distributed
C) some income inequality is essential to maintain incentives to produce
D) inequality undermines incentives and tends to reduce the size of the national income
E) some poverty is useful in any society
Correct Answer:
Verified
Q78: Education has an impact on labour supply
Q79: Q80: Q81: Which of the following contributes to income Q82: Job discrimination occurs when: Q84: Risk-taking contributes to income inequality because: Q85: Income inequality may be desirable if: Q86: Wage differences in a certain occupation may Q87: According to Thomas Malthus: Q88: Industrial unions are common in the:
A)a worker is hired,
A)regardless of
A)equity is
A)food production and population
A)construction industry
B)teaching
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