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The Economics of Inequality
Contributed by: Hayward
  • 1. What is the Gini coefficient used to measure?
A) Economic growth
B) Employment rates
C) Income inequality
D) Consumer spending
  • 2. Which country has one of the highest Gini coefficients?
A) Norway
B) South Africa
C) Germany
D) Japan
  • 3. What does the term 'income distribution' refer to?
A) The total income of a country
B) How income is divided among a population
C) The management of national income
D) Income tax rates
  • 4. Which of the following is a common cause of wealth inequality?
A) Universal basic income
B) Minimum wage laws
C) Inheritance
D) Tax reforms for all
  • 5. Which demographic group is often disproportionately affected by economic inequality?
A) Retired individuals
B) College graduates
C) Women
D) Single men
  • 6. What is the main purpose of progressive taxation?
A) To fund government projects
B) To reduce income inequality
C) To encourage investment
D) To increase total tax revenue
  • 7. Which factor is commonly linked to increased economic inequality?
A) Population growth
B) Technological advancements
C) Inflation rates
D) Higher birth rates
  • 8. What is 'capital accumulation'?
A) Redistributing wealth
B) The growth of wealth over time
C) Wasting resources
D) Spending wealth immediately
  • 9. What role do multinational corporations play in economic inequality?
A) They eliminate poverty
B) They diversify local economies
C) They ensure fair wages
D) They can exacerbate income disparities
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