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The Impact of Economic Inequality on Economic Sustainability

Description: This quiz aims to assess your understanding of the impact of economic inequality on economic sustainability.
Number of Questions: 15
Created by:
Tags: economic inequality economic sustainability economics
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What is the relationship between economic inequality and economic sustainability?

  1. Economic inequality has no impact on economic sustainability.

  2. Economic inequality can lead to economic instability and hinder sustainable growth.

  3. Economic inequality promotes economic growth and sustainability.

  4. Economic inequality has a positive impact on economic sustainability.

Show answer
Correct Option: B
Explanation:

Economic inequality can lead to social unrest, political instability, and environmental degradation, all of which can hinder sustainable economic growth.

How does economic inequality affect social mobility?

  1. Economic inequality promotes social mobility.

  2. Economic inequality has no impact on social mobility.

  3. Economic inequality hinders social mobility.

  4. Economic inequality increases social mobility.

Show answer
Correct Option: C
Explanation:

Economic inequality can make it difficult for individuals from disadvantaged backgrounds to access education, healthcare, and other resources necessary for upward mobility.

What is the impact of economic inequality on environmental sustainability?

  1. Economic inequality has no impact on environmental sustainability.

  2. Economic inequality promotes environmental sustainability.

  3. Economic inequality hinders environmental sustainability.

  4. Economic inequality increases environmental sustainability.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to increased consumption and resource extraction, which can strain the environment and hinder sustainable development.

How does economic inequality affect economic growth?

  1. Economic inequality promotes economic growth.

  2. Economic inequality has no impact on economic growth.

  3. Economic inequality hinders economic growth.

  4. Economic inequality increases economic growth.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to reduced consumer demand, lower investment, and social unrest, all of which can hinder economic growth.

What is the relationship between economic inequality and political stability?

  1. Economic inequality promotes political stability.

  2. Economic inequality has no impact on political stability.

  3. Economic inequality hinders political stability.

  4. Economic inequality increases political stability.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to social unrest, political polarization, and a decline in trust in government, all of which can hinder political stability.

How does economic inequality affect the distribution of wealth?

  1. Economic inequality promotes a more equitable distribution of wealth.

  2. Economic inequality has no impact on the distribution of wealth.

  3. Economic inequality hinders a more equitable distribution of wealth.

  4. Economic inequality increases the distribution of wealth.

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Correct Option: C
Explanation:

Economic inequality can lead to a concentration of wealth in the hands of a few individuals or groups, while the majority of the population experiences poverty or economic insecurity.

What is the impact of economic inequality on human well-being?

  1. Economic inequality promotes human well-being.

  2. Economic inequality has no impact on human well-being.

  3. Economic inequality hinders human well-being.

  4. Economic inequality increases human well-being.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to poor health outcomes, lower educational attainment, and reduced access to basic services, all of which can hinder human well-being.

How does economic inequality affect the labor market?

  1. Economic inequality promotes a more efficient labor market.

  2. Economic inequality has no impact on the labor market.

  3. Economic inequality hinders a more efficient labor market.

  4. Economic inequality increases the efficiency of the labor market.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to a mismatch between the skills and qualifications of workers and the demands of the labor market, resulting in unemployment and underemployment.

What is the relationship between economic inequality and crime?

  1. Economic inequality promotes lower crime rates.

  2. Economic inequality has no impact on crime rates.

  3. Economic inequality hinders lower crime rates.

  4. Economic inequality increases crime rates.

Show answer
Correct Option: D
Explanation:

Economic inequality can lead to poverty, social exclusion, and a lack of opportunities, all of which can increase the likelihood of criminal behavior.

How does economic inequality affect the financial system?

  1. Economic inequality promotes a more stable financial system.

  2. Economic inequality has no impact on the financial system.

  3. Economic inequality hinders a more stable financial system.

  4. Economic inequality increases the stability of the financial system.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to excessive risk-taking and financial instability, as well as a lack of access to financial services for low-income individuals and communities.

What is the impact of economic inequality on public health?

  1. Economic inequality promotes better public health.

  2. Economic inequality has no impact on public health.

  3. Economic inequality hinders better public health.

  4. Economic inequality increases public health.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to poor nutrition, inadequate housing, and limited access to healthcare, all of which can negatively impact public health.

How does economic inequality affect education?

  1. Economic inequality promotes equal access to education.

  2. Economic inequality has no impact on education.

  3. Economic inequality hinders equal access to education.

  4. Economic inequality increases access to education.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to unequal access to quality education, as well as higher costs of education, which can make it difficult for individuals from disadvantaged backgrounds to obtain a good education.

What is the relationship between economic inequality and social cohesion?

  1. Economic inequality promotes social cohesion.

  2. Economic inequality has no impact on social cohesion.

  3. Economic inequality hinders social cohesion.

  4. Economic inequality increases social cohesion.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to social divisions, resentment, and a lack of trust between different segments of society, all of which can hinder social cohesion.

How does economic inequality affect political participation?

  1. Economic inequality promotes equal political participation.

  2. Economic inequality has no impact on political participation.

  3. Economic inequality hinders equal political participation.

  4. Economic inequality increases political participation.

Show answer
Correct Option: C
Explanation:

Economic inequality can make it difficult for individuals from disadvantaged backgrounds to participate in the political process, as they may lack the resources and connections necessary to influence policy decisions.

What is the impact of economic inequality on economic development?

  1. Economic inequality promotes sustainable economic development.

  2. Economic inequality has no impact on economic development.

  3. Economic inequality hinders sustainable economic development.

  4. Economic inequality increases sustainable economic development.

Show answer
Correct Option: C
Explanation:

Economic inequality can lead to a concentration of wealth and power in the hands of a few individuals or groups, which can hinder broad-based economic growth and development.

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