Huge wage differentials paid for small differences in performance is an example of
a. the failure of the Lorenz curve to accurately reflect income distribution
b. winner-take-all
c. the failure of the Gini coefficient to accurately reflect income distribution
d. a negative income tax system that disproportionately rewards the rich
e. the different kinds of in-kind assistance that different people receive
B
You might also like to view...
The Fed affects aggregate demand through monetary policy by changing
A) tax rates on only interest income and so influencing disposable income. B) government expenditure and so influencing the budget balance. C) the quantity of reserves and determining government expenditure. D) tax rates and influencing disposable income. E) the federal funds rate and the quantity of reserves.
The experience of the HPAEs has brought attention to predictions about income inequality made by Kuznets. He predicted that at first income inequality would ________ as economies began to develop. In the HPAEs experience it ________
A) rise; rose B) decrease; decreased C) rise; fell D) fall; rose E) There was no pattern.
As labor productivity increases, which of the following shifts in the labor market should occur?
A. Supply of labor should shift to the left. B. Demand for labor should shift to the right. C. Demand for labor should shift to the left. D. Supply of labor should shift to the right.
The purchasing power of the dollar:
A. has been increasing in recent years because of economic growth. B. varies directly with the cost-of-living index. C. is inversely related to the level of aggregate demand. D. is the reciprocal of the price level.