Redistribution of Income from the Rich to the Poor Is

question 220

Multiple Choice

Redistribution of income from the rich to the poor is achieved from a tax system that requires taxes to rise with income. Which of the following criteria best explains the goal of this tax system?

• A) efficiency
• B) equity
• C) growth
• D) stability

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Definitions:

Low-Skill

Referring to jobs or tasks that require a minimal level of education, training, or experience to perform.

Wage Gap

The difference in average earnings or wages between different groups of workers, such as between genders or races.

Unskilled Occupations

Jobs that require minimal technical training and education, often involving manual labor or routine tasks.

Skilled Occupations

Jobs that require specialized knowledge or abilities, often acquired through education, training, or experience.