Redistribution of Income from the Rich to the Poor Will

question 4

Multiple Choice

Redistribution of income from the rich to the poor will lead to a reduction in total output.This is known as the

• A)market distribution.
• B)Robin Hood principle.
• C)inheritance principle.
• D)big tradeoff.
• E)capitalist dilemma.

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Definitions:

Foreigners

Individuals or entities from one country who are not natives or do not possess citizenship in the host country.

Infant-Industry Argument

The economic rationale that new or emerging industries should be protected from international competition until they become mature and competitive.

Political Pressure

The use of influence or persuasion by individuals or groups, often through lobbying or campaigning, to affect governmental policy or decisions.

Tariff

A tax imposed by a government on imports or exports of goods.