Two factors that have contributed to an increase in income inequality are
A) outsourcing of jobs and tax increases.
B) economic growth and low inflation.
C) technological change and globalization.
D) low interest rates and a strong U.S. dollar.
C
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Unlike Classical economists, Keynes believed that the economy could be trapped in a depression and not return to full employment without government intervention
Indicate whether the statement is true or false
The above table shows the demand schedule and supply schedule for chocolate chip cookies. An increase in income results in an increase in the demand for chocolate cookies by an amount of 3 pounds at every price
What are the new equilibrium quantity and equilibrium price? A) 5 pounds, $4.00 per pound B) 5 pounds, $6.00 per pound C) 5 pounds, $5.00 per pound D) 4 pounds, $5.00 per pound
Poverty can be eliminated without full employment
Indicate whether the statement is true or false
A lack of well-established property rights is one of the key reasons why markets fail
a. True b. False Indicate whether the statement is true or false