A Key Economic Argument Against Complete Equalisation of Incomes Is

question 8

Multiple Choice

A key economic argument against complete equalisation of incomes is that

• A) it would be unfair.
• B) it would remove incentives for people to work harder and to invest in human capital.
• C) we don't really know what choices people would make if they were behind a veil of ignorance.
• D) people would never vote for such a measure.

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Definitions:

Hydrogen Sulfide

A toxic, flammable gas with the formula H2S, known for its foul odor of rotten eggs and used in the manufacture of chemicals.

Lewis Structure

A diagram that represents the bonds between atoms and the lone pairs of electrons in a compound.

Water

A chemical compound, H2O, essential for all known forms of life, characterized by its liquid state at room temperature and its ability to dissolve many substances.

Helium

Helium is a chemical element with symbol He and atomic number 2, known as the second lightest and second most abundant element in the observable universe, primarily used in cryogenics and as an inert gas shield in arc welding.