How can measurements of income inequality be misleading to politicians and economists?
A) There is no agreement as to what constitutes income inequality.
B) All statistics regarding income inequality give disproportionate weight to factors like corruption and wealth.
C) Since all forms of discrimination can be accurately quantified,policy makers may assume that other factors can be accounted for in the same manner.
D) Most developed economies employ wealth redistribution systems,which skew the effect wealth has on income inequality.
E) Income inequality is difficult to measure and easy to misinterpret.
Correct Answer:
Verified
Q109: Of the five factors that lead to
Q110: All of the following contribute to wage
Q111: The life-cycle wage pattern is a type
Q112: In some less developed economies,property rights aren't
Q113: Based on research into wage discrimination,economists believe
A)
Q115: Organizations like 5th Pillar,which report attempted bribery
Q116: "For every $1 men make,women make,on average,82
Q117: The reversal of occupational crowding has an
Q118: Which of the following factors does not
Q119: Diminishing marginal returns explain the reduction of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents