Which of the Following Would Most Likely Increase Income Inequality

question 137

Multiple Choice

Which of the following would most likely increase income inequality?

• A) improvements in public education
• B) greater monopoly power among product sellers
• C) greater equality in the distribution of wealth
• D) fewer differences in working conditions across occupations

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Definitions:

Negotiable Instruments

Financial documents, like checks or promissory notes, that guarantee payment of a specific amount of money to the bearer under certain conditions.

UCC

Stands for Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Anglo-American Law

A legal system originating in England and now prevalent in the United States and many Commonwealth countries, characterized by the doctrine of precedent.

Currency Substitute

Any means of payment used in lieu of traditional money (coins and banknotes) for the transaction of goods and services.