A Likely Effect of Government Policies That Redistribute Income and Wealth

question 62

Multiple Choice

A likely effect of government policies that redistribute income and wealth from the wealthy to the poor is that those policies

• A)enhance equality.
• B)reduce efficiency.
• C)reduce the reward for working hard.
• D)All of the above are correct.

---

Definitions:

Population's Statistical Distribution

A mathematical function that describes the likelihood of various outcomes in a population.

Population Size

The total number of individuals within a defined area or group for the purposes of study or measurement.

Population Behaviour

The collective actions, reactions, and interactions among individuals within a community or group.

Poisson Distributions

A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events occur with a known constant rate and independently of the time since the last event.