The Most Common Argument for Income Redistribution Is That

question 196

Multiple Choice

The most common argument for income redistribution is that

• A) it works-it reduces the poverty rate.
• B) it improves efficiency in the economy.
• C) it provides more incentive for people to try to better themselves.
• D) a society as wealthy as the United States has a moral obligation to provide its members with the basic necessities of life.

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Definitions:

Tariffs

Taxes on imported goods, often set by a government to regulate trade, raise revenue, or protect domestic industries.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform set of rules for the international sale of goods.

International Contract

An agreement enforced across national borders, involving parties from different countries.

Merchants

Individuals or businesses involved in the trade of goods, services, or commodities for profit.