Which of the Following Is One Explanation for the Persistence

question 53

Multiple Choice

Which of the following is one explanation for the persistence of global economic inequality?

• A) People in low-income countries lack a strong Protestant work ethic.
• B) As the technology gap between countries widens, eliminating poverty is more difficult.
• C) As AIDS continues to rampage throughout high-income and middle-income countries, they will have fewer technology workers.
• D) Whatever medical and technological aid is given to low-income countries is hoarded by corrupt government officials.
• E) Capitalism is innately unequal, and socialism is innately equal.

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Definitions:

Equipment

Durable goods used in the operation of a business, not intended for sale, often contributing to the production of other goods or services.

Property Taxes

Taxes levied by local governments on real estate based on the property's value, used to fund public services such as schools and infrastructure.

Estimated Monthly Amount

A projection of the monetary value expected for transactions or activities on a monthly basis.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial position.