Which of the following is a source of inequality in incomes?

a. job preferences
b. willingness to take risks
c. differences in investment in human capital.
d. All of the above are correct.

d

Economics

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In the strategic view of bargaining the outcome depends on

a. Who makes the first move b. Who can commit to a position c. Whether or not the other party can make a countermove d. All of the above

Economics

For a firm to maximize total profits through price discrimination, it should

a. Charge a high price to consumers with an inelastic demand and low price to consumers with an elastic demand b. Charge a low price to consumers with an inelastic demand and high price to consumers with an elastic demand c. Charge the same price to both sets of consumers by maximizing at MR=MC on the elastic demand d. Charge the same price to both sets of consumers by maximizing at MR=MC on the inelastic demand

Economics