Which of the Following Is NOT Among the Explanations for Income

question 68

Multiple Choice

Which of the following is NOT among the explanations for income equality given in the textbook?

• A) Powerful feelings of social rejection among those at the bottom in unequal societies may trigger violence.
• B) Inequality undermines cohesiveness, trust, and goodwill among members of a neighborhood, state, or country.
• C) Inequality throws males into more extreme competition for economic resources and access to mates.
• D) People who are genetically more prone to violent behavior tend to be at the lower end of the socioeconomic spectrum.

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Definitions:

Adjusted Basis

The original cost of a property plus improvements, less any depreciation taken, used in calculating capital gains or losses for tax purposes.

Shares Sold

Refers to the act of selling ownership stakes in a company or investment.

Basis

The amount of investment in a property for tax purposes, used to determine the gain or loss on the sale of that property.

Debt Obligations

Financial commitments related to borrowed money or issued debt, requiring the debtor to repay the borrowed amount along with any agreed-upon interest.