One HEADLINE article in the text,"Income Share of the Rich," reports: "In most developing countries the top tenth of all households receives 30-50 percent of all income." Which of the following forms of government intervention is designed to reduce this market situation?

Question

Quizplus · Accepted Answer

Income transfers, such as progressive taxation or social welfare programs, are specifically designed to redistribute wealth and reduce income inequality by providing assistance to lower-income households. Antitrust laws aim to promote competition and prevent monopolies, while public goods are goods and services provided by the government for the benefit of all citizens. Laissez-faire is a hands-off approach to the economy that promotes minimal government intervention.

One HEADLINE Article in the Text,"Income Share of the Rich