Rising income inequality is driven by:
a. an increase in employment in the manufacturing sector of an economy.
b. a progressive tax structure
c. a rising demand for unskilled, cheap labor.
d. a technological advancement.
e. a fall in capital's share of national income.
d
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Sometimes banks tend to invest in risky stocks because the deposits of their customers are insured by the Federal Deposit Insurance Committee. This behavior is an example of ________
A) adverse selection B) moral hazard C) the paradox of thrift D) the free-rider problem
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. A movement from CE to BD occurs when
A) the price of capital decreases while the price of labor increases. B) the price of labor decreases while the price of capital remains unchanged. C) the price of capital increases while the price of labor decreases. D) the price of capital increases while the price of labor remains unchanged.
The components of the U.S. M1 money supply are demand and checkable deposits plus
A) currency. B) currency plus savings deposits. C) currency plus travelers checks. D) currency plus travelers checks plus money market deposits.
What is a depreciation to one country must be an appreciation to the other.
Answer the following statement true (T) or false (F)