List five major sources of income inequality
What will be an ideal response?
1. differences in productivity
2. increasing globalization
3. improvements in technology
4. the increasing prominence of winner-take-all tournament-style markets
5. rent-seeking by the incumbent wealthy
Economics
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All of the following are criticisms of the Lorenz curve analysis EXCEPT
A) income-in-kind is not figured in. B) the inequality gap is not an issue that economists study. C) different sizes of households are ignored. D) it does not take into consideration lifetime earnings.
Economics
In which of the following U.S. industries is the rate of unionization the highest?
A. Construction. B. Government. C. Transportation. D. Agriculture.
Economics