7. Market Failure and the Role of Government

Income And Wealth Inequality — Quiz

Test your understanding of income and wealth inequality with 5 practice questions.

Read the lesson first

Practice Questions

Question 1

What does income inequality refer to in economics?

Question 2

What does wealth inequality measure?

Question 3

Which statement best describes the difference between income and wealth?

Question 4

Which of the following is an example of a factor that can increase income inequality?

Question 5

Why is income inequality often discussed as a market failure and government issue in AP Microeconomics?