Which of the Following Statements Is True

question 140

Multiple Choice

Which of the following statements is true?

• A)Redistribution of income through taxation results in greater income for everyone.
• B)There is no tradeoff between efficiency and equity.
• C)If taxes are so high that people work a lot less, the redistribution of income could make everyone worse off.
• D)The pursuit of greater equity through taxation and redistribution may promote efficiency by making everyone happier.
• E)Only the rich are negatively affected by very high tax rates.

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Definitions:

Peripheral Countries

Nations that are less developed industrially and have less influence on the global economy compared to core or semi-peripheral countries, often exploited for their resources.

Core Countries

Nations that dominate global economic systems with their advanced industrial capacities and wealth, exerting influence over less developed countries.

Semiperipheral Countries

Semi-industrialized countries that represent a kind of middle class within the world system.

Transnational Community

A social group that maintains connections extending beyond the borders of one nation, often sharing cultural, economic, or familial ties across countries.