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

A mixed economy is one in which both the state and private enterprise act directly in the productive sphere, that is, the role of government is, besides governing, acting as a player. The instruments of government action in mixed economies are often state-owned enterprises.

To remedy an income gap, the best alternative presented is investment in people's skills, that is, improving education to provide new opportunities, especially for the poorest workers.

Therefore, alternative (C) is correct.

Answer 2

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

I hope my answer helps :)