Option (C) is correct.
<u>The wealth gap is favorable because the upper class of the society will create a job opportunity for the lower-class.
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Further Explanation:
Wealth gap: Wealth gap classifies the group of people based on their earned income and wealth. The wealth gap is considered high when the small number of population carries the most of the income of the country. Ideally, the wealth gap should be minimal in order to increase equality among the population of the country.
The favorable argument for wealth gap:
A wealth gap is a favorable condition because the rich class of the society is able to operate many business entities on a large level. They can help in providing employment to the poor people of the country. When rich people invest their wealth in businesses, they require human resources. These business entities provide job opportunity to the poor section of the society.
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It is beneficial for both the classes (poor and rich) of society. The rich people get the required human resource, and poor section of the society gets the job opportunity for their living.
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Justification for the correct and incorrect option:
A.
The lower classes have the opportunity to invest: This is the incorrect option.
The lower classes do not have much wealth for the investment.
B.
Poor people can easily move into the middle class: This is an incorrect option.
Poor people have to earn huge amount of money to move to the upper classes.
C.
Investments by the upper class create lower-class jobs: This is the correct option.
The investment by the upper-class by way of business creates job opportunity for the lower class.
D.
Buying power sharply increases for the working class: This is an incorrect option.
The buying power increases with the increase in the income of a person. A working-class does not earn much, so their buying power does not increase sharply.
Learn more:
1. Learn more about the buying power of an individual
brainly.com/question/5959656
2. Learn more about the diversification of the investment
brainly.com/question/2480636
3. Learn more about the monopoly
brainly.com/question/1619397
Answer details:
Grade: High School
Subject: Economics
Chapter: Employment, Labor and Wages
Keywords: What can a person, help, increase, their, credit score, charge, monthly, expenses, same, credit card, use only, small percentage, your, credit limit, research, student, loan, terms, online, open, savings account, at a bank.
