The public policy implication of Goldin and Katz's analysis of growing income inequality is that reversing this trend will require that more of society's resources be put into:
A) space exploration.
B) capital expenditures.
C) education.
D) transfer payments.

Question

Quizplus · Accepted Answer

Goldin and Katz's analysis shows that education is a key factor in reducing income inequality. Therefore, putting more resources into education, such as increasing funding for schools, improving curriculum, and providing better access to higher education, could help reduce income inequality in the long-term. Choice A (space exploration) and choice B (capital expenditures) are not directly related to addressing income inequality, while choice D (transfer payments) could help alleviate poverty and provide short-term relief, but may not address the root causes of income inequality.

The Public Policy Implication of Goldin and Katz's Analysis of Growing