What is the main reason that the distribution of measured wealth is more unequal than the distribution of income?
What will be an ideal response?
The distribution of income statistics include the returns from human capital, but the distribution of measured wealth statistics do not include the stock of human capital.
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When variable A rises by 10 units, variable B rises by 15 units. The slope of the line describing this relationship is
A. always 2/3. B. either 2/3 or 1.5, depending on which variable goes on which axis of the graph. C. either 1.5 or ?1.5, depending on which variable goes on which axis. D. always ?1.5.
In a country with a working-age population of 200 million, 140 million people are employed and 20 million are unemployed. The size of the labor force is
A) 200 million. B) 160 million. C) 140 million. D) 20 million. E) 120 million.
An important problem with corporations is
A) the inability of the government to control and tax the firms. B) the possibility of large liabilities for the owners. C) the separation of ownership and control. D) the difficulties with raising financial capital.
Since about 1980,
a. production worker pay in the U.S. has grown faster than CEO pay b. the typical U.S. CEO has come to earn more than the typical NBA basketball player c. CEO pay in Europe has grown much faster than CEO pay in the U.S. d. CEO pay in the U.S. has grown to a very large multiple of production worker pay e. the ratio of CEO pay to production worker pay in the U.S. has not changed much, although both groups receive much high pay now