Redistribution Is Based On

question 30

Multiple Choice

Redistribution is based on:

• A) the use of force
• B) the power to tax
• C) reciprocity
• D) kinship
• E) agriculture

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Definitions:

Normal Good

A type of good for which demand increases as the income of individuals or the economy increases.

Income

Payments obtained regularly from employment or investment returns.

Demand Curve

A visual depiction of how the price of a product influences the amount consumers are willing to buy.

Market Demand Curve

represents the total quantity of a good or service that consumers in a market are willing and able to purchase at different prices.