2. Microeconomics

Markets And Inequality — Quiz

Test your understanding of markets and inequality with 5 practice questions.

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Practice Questions

Question 1

What is meant by income inequality?

Question 2

Which measure is commonly used to show the degree of income inequality in an economy?

Question 3

Which of the following is an example of a market-based reason why income inequality may increase?

Question 4

What is the main aim of a progressive income tax?

Question 5

Which of the following is a direct way governments can reduce inequality through redistribution?
Markets And Inequality Quiz — IB Economics HL | A-Warded