"In an economy experiencing rapid technological advancements, which of the following policy measures is most likely to ensure equitable growth and prevent an increase in income inequality?" a) Reducing income taxes for the highest earners to encourage more investment and economic growth. b) Implementing a universal basic income (UBI) that provides all citizens with a regular, unconditional sum of money, regardless of employment status. c) Focusing solely on monetary policy to control inflation, without direct interventions in the labor market. d) Increasing tariffs on imported goods to protect domestic industries and jobs.

"In an economy experiencing rapid technological advancements, which of the following policy measures is most likely to ensure equitable growth and prevent an increase in income inequality?" a) Reducing income taxes for the highest earners to encourage more investment and economic growth. b) Implementing a universal basic income (UBI) that provides all citizens with a regular, unconditional sum of money, regardless of employment status. c) Focusing solely on monetary policy to control inflation, without direct interventions in the labor market. d) Increasing tariffs on imported goods to protect domestic industries and jobs.

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter16: Creating An Environment For Growth And Prosperity

Section: Chapter Questions

Problem 11CQ

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Question

"In an economy experiencing rapid technological advancements, which of the following policy measures is most likely to
ensure equitable growth and prevent an increase in income inequality?" a) Reducing income taxes for the highest
earners to encourage more investment and economic growth. b) Implementing a universal basic income (UBI) that
provides all citizens with a regular, unconditional sum of money, regardless of employment status. c) Focusing solely on
monetary policy to control inflation, without direct interventions in the labor market. d) Increasing tariffs on imported
goods to protect domestic industries and jobs.

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