The Government May Not Implement Policies Intended to Redistribute Income

question 83

Multiple Choice

The government may not implement policies intended to redistribute income in which of the following economic systems?

• A) laissez-faire capitalism
• B) command systems
• C) a mixed economy
• D) the market system

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Definitions:

Employed

Refers to individuals who are currently working in a paid job or running a business.

Units

Basic quantities or measurements, such as pieces or liters, used to quantify the amount of a product or substance.

Marginal Revenue Product

The additional revenue generated by employing one more unit of input, such as labor, in the production process.

Resource

An input used in the production of goods or services, such as labor, land, capital, and technology.