Which of the Following Is Most Likely to Occur When

question 105

Multiple Choice

Which of the following is most likely to occur when the government enacts policies to make the distribution of income more equal?

• A)a more efficient allocation of resources
• B)a distortion of incentives
• C)unchanged behavior
• D)All of the above are correct.

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.

Linear Programming

A complex mathematical procedure commonly used for project analysis in engineering and business applications; it can determine an optimum or best-supply mix solution to minimize costs or other constraints.

Probabilistic Programming

A programming paradigm concerned with the development of software and algorithms that reason and infer probabilities.

Stochastic Programming

A framework for modeling optimization problems that involve uncertainty.