Why Is Inequality Important from an Instrumental Point of View

question 8

Multiple Choice

Why is inequality important from an instrumental point of view?

• A) It is intrinsically unfair
• B) European countries are forced to do more in redistributing income in developing countries
• C) It can have negative economic or political effects
• D) Women are expected to do all the household work
• E) Women lack access to productive opportunities and gender gaps in education

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Definitions:

Sales Revenues

The income received by a company from its sales of goods or the provision of services, before any expenses are deducted.

Variable Costs

Variable expenses directly linked to the operational scale of a business.

Variable Costing

Variable costing is an accounting approach that includes only variable production costs (materials, labor, and overhead) in product costs, omitting fixed costs.

Net Income

The total profit of a company after all expenses, taxes and costs have been subtracted from total revenue.