Ethical considerations mean that there is a support for a policy of:
A) increasing taxes to lower income earners.
B) reducing taxes to higher income earners.
C) reducing income inequality below the equilibrium level.
D) reducing income inequality above the equilibrium level.

Question

Quizplus · Accepted Answer

Ethical considerations often prioritize fairness and justice, which means that policies that aim to reduce income inequality below the equilibrium level would be supported. This is because income inequality can lead to a concentration of wealth in the hands of a few, which can perpetuate social and economic injustices. By reducing income inequality, individuals with lower incomes may have more access to resources and opportunities, which can help to level the playing field and promote a more equitable society. Additionally, some argue that reducing income inequality can lead to greater economic growth and stability in the long term.

Ethical Considerations Mean That There Is a Support for a Policy