The income distribution has become more unequal in the United States over the last 30 years.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Entrepreneurs directly do all of the following EXCEPT
A) create new ideas about what and how to produce. B) make business decisions. C) face risks that arise from making business decisions. D) decide for whom goods and services are produced.
In the generalized dividend model, if the expected sales price is in the distant future
A) it does not affect the current stock price. B) it is more important than dividends in determining the current stock price. C) it is equally important with dividends in determining the current stock price. D) it is less important than dividends but still affects the current stock price.
During the production process Ajax Corporation releases pollution into the air. Ajax Corporation operates in a monopolistic competitive industry. Which of the following statements addresses the pollution situation?
A) Ajax is taking advantage of asymmetric information. B) This is an example of a market failure and is a reason for the government to regulate the industry. C) The quality of the product could be improved if the amount of pollution can be reduced. D) This is known as the lemons problem.
The fact that someone with information about a significant number of illnesses in their family history is likely to purchase health insurance is an example of
a. adverse selection. b. monitoring. c. moral hazard. d. screening.