If Income Redistribution Policy Is Based on the Relative Concept

question 155

Multiple Choice

If income redistribution policy is based on the relative concept of poverty, the war on poverty

• A)will be won quite soon.
• B)is, by definition, unwinnable.
• C)has not helped at all.
• D)has already been won.

---

Definitions:

Substitute Goods

Products or services that can replace or be used in place of another to satisfy the consumer's needs.

Supply Curve

Graph that shows the relationship between different prices and the quantities that sellers will offer for sale, regardless of demand.

Technologies

The application of scientific knowledge for practical purposes, especially in industry and improvements in tools, machinery, and devices.

Suppliers

Entities that provide goods or services to another entity, typically within a supply chain context.