Which of the Following Would Cause a Reduction in Human

question 29

Multiple Choice

Which of the following would cause a reduction in human wealth?

• A)a permanent reduction in salary
• B)a reduction in the value of one's house
• C)a reduction in the value of one's stock portfolio
• D)all of the above
• E) none of the above

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Definitions:

Minimum-Wage Law

A regulation that sets the lowest hourly wage a worker can legally be paid.

Negative Income Tax

A proposed system where individuals earning below a certain amount receive supplemental pay from the government instead of paying taxes.

Earned Income Tax Credit (EITC)

A refundable tax credit for low- to moderate-income working individuals and families, aimed at reducing the tax burden and encouraging employment.

Utilitarianism

A theory in normative ethics holding that the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.