Rising income inequality is driven by:
a. an increase in employment in the manufacturing sector of an economy.
b. a progressive tax structure
c. a rising demand for unskilled, cheap labor.
d. a technological advancement.
e. a fall in capital's share of national income.
d
Economics
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Social Security spending and Medicare spending are all financed with revenues held in trust funds
Indicate whether the statement is true or false
Economics
If the demand curve for a product is vertical, then
a. consumers will refuse to bear any share of tax burden. b. producers will bear the larger share of the tax burden. c. consumers will bear the entire tax burden. d. producers and consumers will equally share the tax burden.
Economics