If the Level of Incomes Rises for High-Income Workers but Doesn't

question 56

Multiple Choice

If the level of incomes rises for high-income workers but doesn't change for low-income workers,

• A) then poverty will not change and inequality will fall.
• B) then poverty will not change and inequality will rise.
• C) then poverty will rise and inequality will fall.
• D) then poverty will fall and inequality will rise.

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Definitions:

Overages

Extra charges incurred when a project goes over its budget, often applied in construction, film production, or retail leasing contexts.

Underages

Instances where the quantity or amount of something is less than what is expected, required, or legally necessary.

Personal Property Security Act

Legislation that governs the creation and registration of security interests in personal property to secure payment or performance of an obligation.

Repossessed

The act of taking back goods or property by a seller or lender from the buyer or borrower due to non-compliance with the terms of the sale or loan.