What arguments suggest that an unequal wealth distribution is not a problem? What arguments suggest that an unequal wealth distribution is a problem?
What will be an ideal response?
Those who believe that an unequal distribution of wealth is not a problem argue that it is a natural and inevitable consequence of risk taking in a market economy and it provides the incentive necessary to motivate entrepreneurs and investors. Those who believe that an unequal distribution of wealth is a problem argue that it can undermine democracy and lead to social conflict.
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The Colorado Ski Shop sold 60 ski jackets to a Belgian company's headquarters located in Paris, France. The ski jackets are a
A) U.S. export good. B) capital good. C) government good. D) U.S. consumption service. E) U.S. import.
Transfer payments
A) are included in the government expenditure category in gross domestic product. B) refer to all payments made to households by governments. C) refer to payments made by the government that are not made to purchase a good or service. D) are made by households to firms in exchange for goods and services.
Market income in the United States is distributed
A) more unequally than income after taxes and benefits. B) less unequally than income after taxes and benefits. C) the same as income after taxes and benefits. D) according to a big tradeoff between equity and equality
In what year did the U.S. inflation rate jump to close to 18%?
a. 1917 b. 1921 c. 1929 d. 1945