Which statement is true? a) If we redistributed income every year so that everyone would get the

Question:

Which statement is true?

a) If we redistributed income every year so that everyone would get the same amount, this would hurt the efficiency of our economy.

b) Virtually everyone agrees that we should redistribute most of the income received by the rich to the poor.

c) The poor get a great deal more satisfaction from each additional dollar of income than the rich.

d) There is no relationship between the distribution of income and economic incentives.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

Question Posted: