Greater Income Equality That Is Achieved Through the Redistribution of Income

question 165

Multiple Choice

Greater income equality that is achieved through the redistribution of income is thought to

• A) stimulate innovation and entrepreneurship.
• B) promote economic efficiency in the economy.
• C) increase incentives to work, save, and invest in the economy.
• D) come at the opportunity cost of reduced production and income.

---

Definitions:

High-Skilled Workers

High-skilled workers are individuals who have advanced qualifications, training, or expertise, making them capable of performing complex tasks.

Specialty Occupations

Jobs or professions that require the application of specialized knowledge, often necessitating a higher degree of education or experience.

Population Growth

The increase in the number of individuals in a population, often measured by the percentage increase per year.

Immigration

The movement of individuals from one country to another with the intent to reside or work there, either temporarily or permanently.