Redistribution Through the Public Sector Tends to Lower Economic Prosperity

question 46

Multiple Choice

Redistribution through the public sector tends to lower economic prosperity because

• A) it weakens the link between productive activity and the reward derived from it.
• B) it encourages resources to flow into wasteful rent-seeking activities.
• C) the higher tax rates required to finance redistribution result in resources being devoted toward tax avoidance activities.
• D) all of the above are true.

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