Q.

Which one of the following is the most appropriate reason for Inequalities in Income?

A. Racial factors
B. Lack of opportunities
C. Inheritance from family Environment
D. Differences in Ability
Answer» B. Lack of opportunities
Explanation: Joseph E. Stiglitz, a Nobel laureate in economics, has pointed how lack of opportunity leads to widening of inequality. It leads to concentration of income and wealth at the top, the hollowing out of the middle, and increasing poverty at the bottom.
4.3k
0
Do you find this helpful?
43

View all MCQs in

Economics (GK)

Discussion

No comments yet