Which of the Following Is Not One of the Concerns

question 72

Multiple Choice

Which of the following is not one of the concerns of some policymakers and economists that the increase in the share of income earned by the 1 per cent is damaging to the country?

• A)The higher incomes of the 1 per cent may give them disproportionate political influence through campaign contributions.
• B)Countries with high levels of income inequality have lower growth rates than do countries with more equal distributions of income.
• C)Further increases in marginal tax rates may reduce work, saving, and investment, thereby reducing economic growth.
• D)Rising income inequality can lead to political unrest.

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Definitions:

Controlled Costs

Costs that can be influenced or managed by decisions made by managers or company officials.

Actual Costs

Actual costs refer to the genuine expenses incurred in the production, acquisition, or sale of products or services, including materials, labor, and overhead expenses.

Actual Level

The real, observed value or volume of output, production, or activity in a given period.

Revenue Variance

The difference between actual revenue earned and the budgeted or forecasted revenue.