Determining the Most Socially Desirable Level of Income Equality or Inequality

question 169

Multiple Choice

Determining the most socially desirable level of income equality or inequality

• A)is done through markets, rather than by the government
• B)is done directly by firms
• C)involves normative economics
• D)involves evaluation of public goods
• E)involves evaluation of all externalities, both positive and negative

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Definitions:

Positive Feelings

Emotions and sensations that are pleasant, uplifting, and contribute to an individual's sense of well-being and happiness.

Physical Health

Refers to the overall condition of an individual's body, including the absence of disease, physical fitness, and the ability to perform daily tasks.

Acceptance

The act of receiving or recognizing something as valid or correct, often related to self or others.

Chain Migration

A social process by which immigrants from a particular town or region follow others from that area to a specific destination, creating a chain of migration from the same place.