Which of the Following Statements Is Not Correct

question 143

Multiple Choice

Which of the following statements is not correct?

• A)Libertarians are opposed to redistributing income.
• B)Critics of the welfare system argue that it breaks up families.
• C)One of the problems with measuring income inequality is valuing in-kind transfers.
• D)Utilitarians believe that the government should punish crimes but should not redistribute income.

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Definitions:

Long-Term Notes Payable

A debt obligation with a maturity of more than one year, often used for financing assets or other long-term investments.

Cash Payment

The act of disbursing money to settle a transaction, bill, or debt.

Principal Balance

The original sum of money borrowed in a loan or the remaining balance of a loan excluding interest.

Times Interest Earned

A ratio that measures a company's ability to meet its debt obligations based on its earnings before interest and taxes.