Describe the scale of redistribution in the United States
What will be an ideal response?
In the United States, income redistribution increases the share of total income received by the lowest 60 percent of households and decreases the share of total income received by the highest 40 percent of households. Specifically, the poorest 20 percent of households receive only 0.9 percent of total market income earned in the United States, but receive 4.6 percent of income after taxes and benefits. The richest 20 percent of households receive 55.6 percent of total market income earned in the United States, but receive only 46.7 percent of income after taxes and benefits.
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Included on the board of directors of Microsoft are John W. Stanton, the chairman of Trilogy Equity Partners, the president of Harvey Mudd college Maria M. Klawe, and the former vice chairman of Bank of America Charles H. Noski
These three board members do not have a direct management role with Microsoft and are therefore referred to as A) competitive directors. B) outside directors. C) inside directors. D) honorary directors.
Hyperinflation:
a. Has no official definition. b. Usually ends with the nation abandoning its old currency and establishing a new one. c. Is good for most nations because it increaes their nominal GDPs. d. Is really a relic of the past with no current-day counterparts.