Multiple choice

According to the writer, how do free market economies deal with inequality?

Directions: Read the given passage carefully and choose the best answer to the question out of the four alternatives.

To a large degree, India embraced a system of socialism at the time it became Independent from the British. This system still continues today. Currently we find government-run or state-run companies and other organizations. Despite this, throughout the world, socialism has proven to be unsuccessful and has come to an end in many countries which have adopted it. While free market economies are certainly not problem-free, it is acknowledged that things are not equal. This inequality is certain, but rather than trying to remove it, working against it is more successful. In the recent past, the average yearly income for an Indian citizen has been steadily improving since 1980. This is a good sign for India and its economy.

  1. They acknowledge it.

  2. They try to remove it.

  3. They know it is certain.

  4. They try to work against it.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
  1. Incorrect - This is true, but they try to work against it.
    2. Incorrect - They do not do this, but try to work against it.
    3. Incorrect - This is true, but they try to work against it.
    1. Correct - This is how they deal with inequality; they try to work against it.

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