How Does Greater Income Inequality Reduce the Chances of Political

question 9

Multiple Choice

How does greater income inequality reduce the chances of political reform?

• A) It lowers voter participation among all citizens except the wealthy.
• B) Save with rare exceptions (e.g. George Soros), power elites rarely pioneer on the frontiers of democratic reform.
• C) Politics has been and will always be dominated by wealthy interests.
• D) Power politics is out of the hands of the non-wealthy and uneducated.

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Definitions:

Efficiency Variances

The difference between the actual amount of resources used in production and the standard amount expected, showing how efficiently resources are being used.

Volume Variances

are differences between the expected (budgeted) volumes of production or sales and the actual volumes, impacting revenue, costs, and profits.

Budget Variance

The difference between budgeted and actual amounts for a particular accounting category.

Volume Variance

The difference between actual and budgeted sales volumes, impacting the expected revenue or costs.