Technology has played a key role in changing the structure of the economy, which has increased the rewards for additional education and training. Greater access to education and training programs for all workers should therefore
A) play an important role in reducing income inequality.
B) have a net effect of increasing income inequality.
C) eliminate all income inequality.
D) have little effect on the overall state of income inequality.
A
Economics
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Refer to Figure 2-17. One segment of the circular flow diagram in the figure shows the flow of funds from economic agents E to market F. Who are economic agents E and what is market F?
A) E = households; F = product markets B) E = households ; F = factor markets C) E = firms; F = product markets D) none of the above
Economics
If you invest $1,000 in a savings account and the annual interest rate is 3.6 percent, your account balance will double in value in approximately _____
a. 185 years b. 72 years c. 34 years d. 20 years e. 3.4 years
Economics