Economics Chapter 20 Analyze The Factors Contributing Income

subject Type Homework Help
subject Pages 1
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subject Authors N. Gregory Mankiw

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1. The ancient Greek philosopher, Plato, concluded that in an ideal society the income of the richest person
a.
would be equal to the income of the poorest person.
b.
would be no more than four times the income of the poorest person.
c.
would be reflective of the effort put forth by that person.
d.
would be taxed at a higher rate than the income of the poorest person.

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