Without the Government's Redistribution Programs, the Income Share of the Lowest

question 181

Multiple Choice

Without the government's redistribution programs, the income share of the lowest quintile would ________ and the income share of the highest quintile would ________.

• A) decrease; remain the same
• B) decrease; increase
• C) remain the same; increase
• D) increase; decrease

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Definitions:

Anticipatorily Repudiated

A declaration made by a party to a contract indicating they will not fulfill their future obligations under the contract before the performance is due.

Remedial Measures

Actions taken to correct or mitigate a problem, often used in legal and environmental contexts to address violations or damages.

Specific Performance

A court-ordered remedy that requires a party to perform their specific duties under a contract rather than providing monetary compensation.

Liquidated Damage Clauses

Provisions in a contract specifying a predetermined amount of damages to be paid if one party breaches the contract.