#1
Which economic theory suggests that wealth tends to concentrate in the hands of a few individuals over time?
Socialism
Capitalism
Communism
Plutocracy
#2
In the context of wealth distribution, what does the term 'inheritance' refer to?
The passing down of genetic traits from one generation to another
The transmission of assets and wealth from one generation to another
The process of acquiring knowledge and skills through education
The redistribution of wealth by the government
#3
Which region of the world generally exhibits higher levels of economic inequality?
Northern Europe
North America
Southeast Asia
Sub-Saharan Africa
#4
What economic policy aims to reduce economic inequality by transferring money or resources from the rich to the poor?
Austerity measures
Supply-side economics
Fiscal redistribution
Deregulation
#5
What is the term for the unequal distribution of wealth or resources among individuals or groups within a society?
Income diversity
Wealth variance
Economic disparity
Resource equity
#6
What is the Gini coefficient used for in economics?
Measuring income inequality
Calculating GDP growth
Predicting stock market trends
Estimating inflation rates
#7
Which of the following factors contributes to economic inequality?
Technological advancement
Equal distribution of resources
Decrease in population
Universal basic income
#8
What is the term for the percentage of total income earned by a specific percentage of the population?
Welfare ratio
Marginal utility
Income share
Poverty threshold
#9
What is meant by the term 'income mobility'?
The ability of individuals to move to a different country for better job opportunities
The movement of individuals or households from one income group to another over time
The process of generating income through investments in the stock market
The fixed income received by retirees from pension funds
#10
Which type of taxation system tends to exacerbate economic inequality?
Progressive taxation
Proportional taxation
Regressive taxation
Flat taxation
#11
Which economist proposed the 'Trickle-Down Theory' suggesting that benefits for the wealthy will eventually 'trickle down' to everyone else?
Karl Marx
Adam Smith
John Maynard Keynes
Milton Friedman
#12
What is the primary effect of economic inequality on social cohesion?
Increased social harmony
Decreased trust and solidarity
Enhanced community engagement
Improved political stability
#13
What is the term for a government policy that seeks to address economic inequality by ensuring a basic level of income for all citizens?
Universal basic income
Means-tested welfare
Workfare
Social security
#14
What is the term for the economic theory that argues for the equitable distribution of wealth and resources in society?
Capitalism
Socialism
Communism
Fascism
#15
Which economic theory suggests that the government should provide support and interventions to correct market failures and promote economic stability and equality?
Laissez-faire economics
Neoliberal economics
Market socialism
Social market economy