Which of the Following Statements Is True Concerning Income Inequality

question 89

Multiple Choice

Which of the following statements is true concerning income inequality?

• A)Income is equally distributed in poor countries.
• B)Developed countries have greater income inequality than developing countries.
• C)The government has no way to alter income inequality.
• D)The free market produces an unequal distribution of income.

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Definitions:

Basic Unit

Refers to the most fundamental, indivisible component or measurement used as a standard in a system, process, or mechanism.

National Currency

The official money issued by a country's government, which is used within its economic and financial systems.

Consumer Ethnocentrism

The belief among consumers that purchasing domestic products is morally right and superior to buying foreign-made items.

Cultural Semiotics

The study of signs and symbols within cultural contexts, exploring how meanings are constructed and communicated in societies.