Answered: 2).Do you think it likely that attempts…

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Income Distribution, Poverty, And Discrimination

Section: Chapter Questions

Problem 6SQP

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please answer question 2 only since question one was answered already

1). Would reducing inequality have any benefits for society in general? Specifically, would reducing inequality benefit middle class and upper class households? If so, how?

2).Do you think it likely that attempts to reduce income inequality would reduce people's incentives to work? Why or why not?

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Would reducing inequality have any benefits for society in general? Specifically, would reducing inequality benefit middle class and upper class households? If so, how?

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