The idea that governmental redistributions of income or wealth will ultimately have no effect on how disparate income and wealth are distributed is sometimes called:

Related MCQs

• Marginalism and the idea that pricing reflects marginal utility and demand was a movement away from:
• Ambedkar’s idea of ------ is based on a unique blend of Marxism and Budhism.
• The study of the effect of consumption on investment is called
• Ambedkar’s idea of state socialism is based on the unique blend of
• Of the following, the thinkers who viewed markets most favorably and who would consequently have been least likely to condemn payments of interest as immoral or unjustified by productivity would have been:
• The change in income as a result of change in is investment called by Keynes as:
• The Marxist concept of surplus value would not include income received in the form of:
• The desire of people to keep money with them is called by Keynes as:
• The first comprehensive work on economics written in English was authored by Adam Smith in 1776 and entitled “An Inquiry into the Nature and Causes of the:
• Medieval scholastics, early Islamic thinkers, and Aristotle all agreed that: