Government policies resulting in reduced efficiency 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

All three policies can potentially reduce efficiency. The welfare system and unemployment insurance may reduce the incentive to work, while a progressive income tax can discourage high earners from working more or investing.

Government Policies Resulting in Reduced Efficiency Include I) the Welfare