The Basic Argument for Income Inequality Is That

question 170

Multiple Choice

The basic argument for income inequality is that

• A) the very rich establish consumption patterns that are desirable for the rest of society to emulate.
• B) the rich buy luxury goods that soon become affordable to everyone else because of economies of scale.
• C) income inequality is essential to maintain incentives to produce.
• D) inequality undermines incentives and tends to reduce the size of the national income.

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A mood disorder characterized by persistent sadness and lack of interest in activities, without manic episodes.

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