ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is not a cause of income inequalities?
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Narrowing urban-rural income divide
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High company profits and surging executive pay
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The effects of high inflation (especially food) on the poor
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Rising incomes for most skilled workers
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Failure to gain adequate education & housing
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Explanation:
Detailed explanation-1: -Detailed Solution. The correct answer is Growth of Service Sector in India.
Detailed explanation-2: -High poverty rates has been the huge income inequalities. One of the major reasons for this is the unequal distribution of land and other resources.
Detailed explanation-3: -High levels of income inequality are linked to economic instability, financial crisis, debt and inflation.
Detailed explanation-4: -2.1 Globalization. 2.2 Superstar hypothesis. 2.3 Education. 2.4 Skill-biased technological change. 2.5 Race and gender disparities. 2.6 Incentives. 2.7 Stock buybacks.
There is 1 question to complete.