If Every Individual Earned the Same Total Income Over His

question 132

Multiple Choice

If every individual earned the same total income over his or her lifetime,there would still be observed inequality because:

• A) people earn more in their youth.
• B) people earn more in middle age.
• C) people earn more when they are very old.
• D) of none of the above.

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Definitions:

Trade Name

The name under which a business operates and is known to the public, distinct from the company's legal name.

Franchise

A business arrangement between an owner of a trade name or trademark and a person who sells goods or services under the trade name or trademark.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Chain-style Business

A business model where multiple outlets are owned, franchised, or managed under a single brand or corporation.