If Complete Equality of Income Were Legislated, Which of the Following

question 36

Multiple Choice

If complete equality of income were legislated, which of the following would economics predict?

• A) People would become richer.
• B) Society would gain utility from the extra goods produced.
• C) Individuals would willingly work longer hours and thus produce more.
• D) The incentive to produce and perform efficiently would be virtually eliminated.

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Definitions:

Parenting Style

The emotional climate and strategies used by parents in raising their children, influencing child development outcomes.

Authoritative

Authoritative describes a leadership or parenting style characterized by high demands and high responsiveness, guiding behavior with empathy and support.

Authoritative

A parenting style characterized by high expectations and support, considered one of the most effective in child development research.

Extracurricular Activity

Activities that fall outside the scope of the regular academic curriculum, often involving sports, clubs, or volunteer work, which contribute to a person's education.