What Did Henry George Argue in Progress and Poverty

question 46

Multiple Choice

What did Henry George argue in Progress and Poverty ?

• A) that industrialization was the key to progress and the end of poverty.
• B) that socialism was the answer to the end of poverty.
• C) that industrialization had led to a great deal of misery.
• D) that the government needed to fight poverty by limiting industrialization.
• E) that the government should tax the "unearned increment" of rising land prices and use the funds to ameliorate the misery caused by industrialization.

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Definitions:

Cash Payments

Outflows of cash to settle obligations or purchase goods and services as part of business operations.

Accounts Payable Turnover Ratio

A financial metric used to analyze how quickly a company pays off its suppliers by comparing net credit purchases to the average accounts payable during a period.

FICA

The Federal Insurance Contributions Act (FICA) is a U.S. law that mandates a payroll tax on both employees and employers to fund Social Security and Medicare programs.

Social Security

A government program that provides financial benefits to retirees, disabled workers, and their families.