Greater Income Equality That Is Achieved Through the Redistribution of Income

question 165

Multiple Choice

Greater income equality that is achieved through the redistribution of income is thought to

• A) stimulate innovation and entrepreneurship.
• B) promote economic efficiency in the economy.
• C) increase incentives to work, save, and invest in the economy.
• D) come at the opportunity cost of reduced production and income.

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Definitions:

Process-based Interests

Concerns that focus on how a negotiation or decision-making process is conducted, rather than on the specific outcomes.

Relationship-based

An approach or method that emphasizes the importance of personal or professional connections and interactions.

Planning Process

A structured approach to preparing for future actions or events, involving the identification of goals, formulation of strategies, and allocation of resources.

Inflexible

Not capable of or willing to change; rigid in opinions or ways of doing things.