Inequality in the distribution of income in the United States today arises primarily from
A) the collapse of the government's income support system.
B) the highly unequal distribution of corporate wealth.
C) the tax system.
D) the weakness of labor unions.
E) unequal abilities to supply valuable human services.
E
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Cell phone companies offer pricing plan alternatives in order to convert some
a. consumer surplus into profit b. producer surplus into profit c. economic profit into normal profit d. profit into consumer surplus e. consumer surplus into deadweight loss
The difference between a private good and a public good is that
A) private goods are government-sponsored goods while public goods are government-inhibited goods. B) externalities are always created in the production process but not in the production of public goods. C) private goods make us happy while public goods do not. D) the exclusion principle applies to a private good but not to a public good.