An important reversal has created a new trend in economic inequality, which is that
a. wealth gaps between countries are now increasing.
b. wealth gaps within states are now increasing.
c. gaps in wealth are now smallest among the most populated nations.
d. gaps in wealth are now no longer prominent or influential.
b. wealth gaps within states are now increasing.
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How can tariffs lead to a situation in which all parties to a trade lose?
Which of the following is both a store of value and a common medium of exchange?
a. corporate bonds b. mutual funds c. checking account balances d. All of the above are correct.
An increase in aggregate demand will result in inflation.
Answer the following statement true (T) or false (F)
The people who immediately benefit from a minimum wage are
A) employers who now pay the minimum wage. B) those people who enter the labor force to search for minimum wage jobs. C) the workers who retain their jobs after enactment of the minimum wage. D) everyone, both demanders and suppliers, because the minimum wage benefits everyone. E) all workers.