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Income Is Redistributed When The Rich Are Progressively Taxed And? - Erudites Academy

Income is redistributed when the rich are progressively taxed and?

A. more private schools are established
B. subsidy is provided on petroleum products
C. more public goods are provided
D. farmers are given guaranteed prices

Correct Answer: Option C

C. more public goods are provided

Explanation

Income Redistribution: is an economic practice that is aimed at leveling the distribution of wealth or income in society through a direct or indirect transfer of income from the rich to the poor. Economists or Governments adopt economic policies and strategies like progressive taxation to implement this phenomenon. the tax is used to build public infrastructure