Using the Government as a Means of Redistribution Generates Equity

question 271

Multiple Choice

Using the government as a means of redistribution generates equity at the cost of efficiency, in part because

• A) the process of redistribution uses up some of society's resources.
• B) the process of redistribution creates new resources for society.
• C) redistribution creates new incentives to work for both rich and poor.
• D) redistribution would not take place otherwise.

Understand the evolution of civil rights law and interracial marriage in America.

Understand the main objectives and impacts of the Great Society programs.

Analyze the events of 1968 within the context of the civil rights and anti-war movements.

Describe President Kennedy's approach to the Vietnam War and its historical significance.

---

Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded over time for tangible assets, reducing their carrying value on the balance sheet.

Salvage Value

The forecasted sell-on value of an asset at the conclusion of its operational period.

Double-Declining Balance

A method of accelerated depreciation where an asset loses value at double the rate of the traditional straight-line depreciation method.

Straight-Line

A method of calculating depreciation or amortization by evenly allocating the cost of an asset over its expected useful life.