Proponents of Income Redistribution Argue That Redistribution

question 153

Multiple Choice

Proponents of income redistribution argue that redistribution

• A) increases the welfare of all members of society.
• B) will not take place absent government intervention as the market for charity, a private good, is imperfect.
• C) would be agreed to by all members of society if they were risk-loving and contracting from the "original position."
• D) helps those who, through no fault of their own, are unable to earn an adequate income.

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Definitions:

Tens Of

An expression suggesting an approximate quantity or range, often used in the context of counting or estimating.

Liens

Legal claims against assets that are typically used as collateral to secure loans.

Accounts Receivable

Amounts due from clients to a business for received goods or services that remain unpaid.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.