Question

How can the government reduce the wealth gap in a mixed market economy? The government can control income levels by placing limits on how much citizens can earn. The government can eliminate minimum wages for workers to account for economic differences. The government can improve education to provide new opportunities for workers in the lower class. The government can tax members of the wealthy class at a lower rate to address differences in income.

Answer 1

I believe the answer is C. I know for sure it is not A or B.

I hope my answer helps :)

Answer 2

There are different ways to handle an issue. How the government reduce the wealth gap in a mixed market economy by;

• The government can improve education to provide new opportunities for workers in the lower class.

How does the government reduce inequality?

This is done through the use of Policies that is said to reduce income inequality.

The wealth gap can be reduced by lowering the incomes of the richest or by increasing the incomes of the poor people. Government also renewed the interest one has in unconditional transfers.

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