Read the extract below and answer the question that follows. "It will be difficult to solve South Africa's extreme inequality problem without more direct wealth redistribution efforts, according to French economist Thomas Piketty. Piketty, who was the keynote speaker at a webinar celebrating 100 years of economics at the University of the Witwatersrand, was responding to debates around the creation of a basic income grant in South Africa."

Which of the following statement is correct? a. Thomas Piketty believes that a basic income grant is necessary to reduce income inequality b. if instituted, the basic income grant would increase income inequality c. if instituted, the basic income grant would have NO effect on income inequality d. Income inequality is caused by government wealth redistribution

QUESTION 24 (4 Marks) Which of the following is a primary argument for the government provision of healthcare? a. there is very little demand for healthcare b. marginal social benefits exceed private benefits c. information symmetry d. perfect competition