Government policies designed to equalize the distribution of economic well-being include i) the welfare system
Ii) unemployment insurance
Iii) progressive income tax
A) i) only
B) ii) only
C) i) and ii) only
D) i), ii), and iii)

Question

Quizplus · Accepted Answer

The government policies designed to equalize the distribution of economic well-being include the welfare system, unemployment insurance and progressive income tax. The welfare system provides financial assistance to those who are unable to support themselves, while unemployment insurance provides temporary financial assistance to those who have lost their jobs. Progressive income tax refers to a taxation system where people with higher incomes pay a larger percentage of their income in taxes. All three policies aim to reduce income inequality and provide support to those who are in need, thereby equalizing the distribution of economic well-being.

Government Policies Designed to Equalize the Distribution of Economic Well-Being