Which of the following would likely reduce income inequality?
A) a reduction in the number of high school dropouts
B) a reduction in Social Security benefits
C) greater inequality in the distribution of wealth
D) more stringent requirements to obtain occupational licenses
Correct Answer:
Verified
Q26: Wealth
A) is a flow concept.
B) refers to
Q27: In the United States,
A) taxes decrease, but
Q28: Which of the following is correct?
A) Income
Q29: Each of the following contributes to income
Q30: Some economists have criticized standard government figures
Q32: The exercise of market power by suppliers
Q33: People's incomes are relatively low when they
Q34: One cause of income inequality in the
Q35: Standard census data on the distribution of
Q36: Income mobility
A) makes lifetime income inequality among
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