Why Is It Unlikely That Income Inequality Could Ever Be

question 125

Multiple Choice

Why is it unlikely that income inequality could ever be eliminated?

• A) Workers will always have the same skills,abilities,and productivities.
• B) All jobs are roughly equal in their attractiveness to workers.
• C) All workers are perfectly mobile.
• D) Workers will always have different skills,abilities,and productivities.
• E) Workers all share the goal of earning as much income as possible.

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Definitions:

Tax

A financial charge or levy imposed by a government or other authority to fund public expenditures.

Tax Burden

The measurement of how much of a tax's economic weight falls on an individual or economic entity, including both the direct and indirect effects.

Consumers

Individuals or groups who use goods and services generated within the economy, contributing to demand.

Perfectly Elastic

This term refers to a situation in demand or supply where the quantity demanded or supplied responds infinitely at a particular price level.