Multiple Choice
As pointed out by the 'big tradeoff', government action that redistributes incomes so that everyone has the same income leads to
A) efficient markets.
B) lower taxes on the rich than on the poor so that the rich do not lose their incentive to work.
C) resources being allocated according to a command system.
D) a smaller total output.
E) fairness according to the 'fair rules' approach.
Correct Answer:

Verified
Correct Answer:
Verified
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