Which of the following is a cause of growing income inequality in the United States since 1975?
A. Exporting to other countries by major U.S. industries
B. Industrial restructuring from services to goods production
C. A widening wage gap between skilled and unskilled workers
D. An increase in the progressivity of the Federal tax system
C. A widening wage gap between skilled and unskilled workers
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Refer to Table 3-1. The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi) and the rest of the market. If the price of Kona coffee falls from $6 to $4, the market quantity demanded would
A) decrease by 89 lbs. B) increase by 110 lbs. C) increase by 61 lbs. D) increase by 26 lbs.
Some corporate governance experts believe that serving on a company's board of directors for an extended length of time ________that member's independence from the company's CEO. If this is true, it would tend to ________ the principal-agent problem
A) enhances; increase B) has no impact on; increase C) diminishes; increase D) diminishes; decrease