17
QuizMultiple Choice

Economic Systems and Daily Life — Quiz

Question 17 • Economics

What is one counter-argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Answer
A
Investments by the upper class create lower-class jobs.
B
Buying power sharply increases for the working class.
C
The lower classes have the opportunity to invest.
D
Poor people can easily move into the middle class.

Explanation

A counter-argument is that wealth concentrated among the upper class can be invested in businesses and other ventures, creating jobs that benefit lower-class workers. This challenges the claim that the wealth gap is only harmful and must be addressed. The other choices make broader claims about buying power, investment opportunities, or social mobility that are not as directly tied to this argument.

AI-written and checked against the verified answer.

Previous
Next