What Is One Drawback of the Difference in Wealth Among

question 87

Multiple Choice

What is one drawback of the difference in wealth among the states?

• A) The housing market in some states is better than the housing market in others.
• B) Wealth disparities create competition for labor among the states.
• C) Taxable resources differ, leading to more or less money for government programs.
• D) Some states can provide better resources for their citizens than others.

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Definitions:

Capital Goods

Long-lasting goods acquired by a business to produce goods or services, as opposed to being sold directly to consumers.

Productive Resources

Inputs used in the production of goods or services in order to make an economic profit. These include land, labor, capital, and entrepreneurship.

Consumer Goods

Products and services that are purchased or consumed by individuals or households for their direct satisfaction and needs.

Pollution Permits

Allowances provided by government authorities that enable the holder to emit a specific amount of pollutants into the environment.