The Basic Economic Argument for Greater Income Equality Is That

question 8

Multiple Choice

The basic economic argument for greater income equality is that

• A) an equal distribution of income is the logical outcome of any tax-transfer program.
• B) because citizens enjoy political equality, they are also entitled to economic equality.
• C) a more equal distribution of income will tend to maximize incentives to work, invest, and assume risk.
• D) a more equal distribution of a given amount of income will increase the total utility of consumers.

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Definitions:

Parallel Distributed Processing

Parallel Distributed Processing is a model in cognitive science that postulates that information processing occurs through networks of interconnected units, simulating how neural networks in the brain process information.

Memory

The faculty by which the mind stores and remembers information.

Network

A group or system of interconnected people or things, often referring to computers or telecommunications.

Retrieval

The process of accessing and bringing into consciousness information stored in memory.