If Incomes Rise for Low-Income Workers but Don't Change for High-Income

question 47

Multiple Choice

If incomes rise for low-income workers but don't change for high-income workers,

• A) then poverty will fall and inequality will fall.
• B) then poverty will rise and inequality will fall.
• C) then poverty will rise and inequality will rise.
• D) then poverty will fall and inequality will rise.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations each party must fulfill.

Liable

Being legally responsible for something, especially in the context of debts or legal wrongs.

Estoppel

A legal principle that prevents a person from denying or asserting anything to the contrary of what has been established as the truth in legal proceedings.

Principal

Principal refers to a main party to a transaction, contract, or financial instrument, as opposed to an agent who acts on someone else's behalf.