Which of the following would likely reduce (2024)

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Which of the following would likely reduce income inequality?1) A reduction in the number of high school dropouts.2) A reduction in social security benefits.3) Greater inequality in the distribution of wealth.4) More stringent requirements to obtain occupational licenses.

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#### Solution By Steps***Step 1: Analyze Option 1*** A reduction in the number of high school dropouts would likely lead to a more educated workforce. Higher education levels generally correlate with higher income levels, which can help reduce income inequality.***Step 2: Analyze Option 2*** A reduction in social security benefits would likely increase income inequality, as it would reduce the income of those who rely on these benefits, typically lower-income individuals.***Step 3: Analyze Option 3*** Greater inequality in the distribution of wealth would directly increase income inequality, as it implies a larger gap between the rich and the poor.***Step 4: Analyze Option 4*** More stringent requirements to obtain occupational licenses could increase income inequality by making it harder for individuals, especially those from lower-income backgrounds, to enter certain professions.#### Final Answer1) A reduction in the number of high school dropouts.

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