ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Giving subsidies to people who own shares
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Giving tax relief on private school fees
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Improving access to higher education for low income families
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Allowing schools to choose their pupils based on criteria such as ability to play the piano
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Detailed explanation-1: -Income inequality can be reduced directly by decreasing the incomes of the richest or by increasing the incomes of the poorest. Policies focusing on the latter include increasing employment or wages and transferring income.
Detailed explanation-2: -Redistribution. Redistributive policies can curb labor income inequalities. Direct taxes and transfers jointly reduce income inequality by more than one-third in advanced economies. However, in emerging market economies the extent of redistribution is much smaller.
Detailed explanation-3: -Income inequality that has been caused by differences in education may be reduced when more college-degree or more advanced-degree workers can be supplied through traditional and online higher education institutions.
Detailed explanation-4: -Provide Books to Low-Income Families. Exposing Individuals to Free Resources. Building in More Flex Time. State Government Should Develop More Major Projects And Resources. Access To Literacy Resources and Tutors. Closing The Digital Divide. ’Equitable’ Funding For Underfunded Schools.