Income inequality is not good for economic development for the reason that _______. a. Income inequality may threaten political stability, because people are dissatisfied with their economic situation and place blame on political authorities b. Income inequality reduces the pool of people with resources, such as education, to improve productivity c. Income inequality may increase distrust and deter commitment among people in the marketplace, making contracts enforcement difficult d. First and second option only

Income inequality is not good for economic development for the reason that _______. a. Income inequality may threaten political stability, because people are dissatisfied with their economic situation and place blame on political authorities b. Income inequality reduces the pool of people with resources, such as education, to improve productivity c. Income inequality may increase distrust and deter commitment among people in the marketplace, making contracts enforcement difficult d. First and second option only

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter17: Development Economics

Section: Chapter Questions

Problem 2E

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