The increased income inequality in the United States since 1975 has been caused by I. a...
The increased income inequality in the United States since 1975 has been caused by
I. a greater demand for highly-skilled workers
II. demographic changes
III. increased international competition from imports
IV. an increase in the number of unionized jobs
Homework Answers
The increased income inequality in the United States since 1975 has been caused by a greater demand for highly-skilled workers. Hence, option(A) is correct.
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The increased income inequality in the United States since 1975
has been caused by
I. a...
Which of the following helps explain growing income inequality in the United States in recent years?...
Which of the following helps explain growing income inequality in the United States in recent years? Multiple Choice Reduced immigration. Increased demand for highly skilled workers. The falling labor force participation rate of women. Increased power of unions.
During the past 30 years, income inequality in the United States has increased in part due...
During the past 30 years, income inequality in the United States has increased in part due to rapid technological change. How does technological change contribute to income inequality? A.Technology complements the skills of the well−educated while rendering redundant the labor services of unskilled and low skilled workers. This causes a decline in the wages of low and unskilled workers relative to other workers. B. The opportunity cost of investing in technology is investments in human capital. The resulting decrease in...
In the United States, income inequality has increased and poverty has increased . As compared to...
In the United States, income inequality has increased and poverty has increased . As compared to poorer countries, income distribution in the United States is relatively inequitable A. As compared to countries with approximately the same income level, income distribution is relatively inequitable 4).
54. Since 1929, the income inequality in the United States has A. been unchanged B. decreased...
54. Since 1929, the income inequality in the United States has A. been unchanged B. decreased from 1929 to 1970 and then increased from 1970 to today increased from 1929 to 1970 and then decreased from 1970 to today. D none of the above 55, The slope of the line of absolute equality is equal to one for the True False Extra Credi 56. Who are the payers for healthcare in the U.S.? A. Medicare. B. Medicaid. Private health insurance...
Which statement(s) is(are) true? I. A major source of income inequality in the United States stems...
Which statement(s) is(are) true? I. A major source of income inequality in the United States stems from differences in education levels. II. Differences in the number of earners in a household is not a source of income inequality in the United States. III. Differences in spending habits is a major factor in explaining income inequality. III only II only I and II only. I only
Outsourcing, immigration, and the gains of the super-rich are the most common reasons for the income inequality...
Outsourcing, immigration, and the gains of the super-rich are the most common reasons for the income inequality in America. Tyler Cowen disagrees: The problem is largely the lack of education. To date, outsourcing is not yet common enough to have much effect. Immigration doesn't account for much of the change in the wages paid to unskilled workers since 1950. Advances in technology raises the incomes of highly skilled workers. Inequality will be reduced if more people undertake education. Immigrants to the United States include...
How would you define income inequality? How is income inequality measured? What has happened to income inequality i...
How would you define income inequality? How is income inequality measured? What has happened to income inequality in the United States since the end of the Second World War in 1945? What evidence can you provide to support your answer? What are the reasons for the changes in income inequality since 1945.
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True or False 1. The achievement of greater efficiency in the United States has been at...
True or False 1. The achievement of greater efficiency in the United States has been at the expense of growing inequality. 2. One of the consequences of allowing wages to fall in the United States has been growing wage inequality. 3. If the budget deficit was eliminated, the federal government would have more money than it could spend. 4. Market economies are not constrained by scarcity; only planned economies have that problem. 5. Rent controls and controls on other prices...
1) Suppose interest rates rise in the United States, but they don't rise in other nations....
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In the United States, income inequality has increased and poverty has increased . As compared to poorer countries, income distribution in the United States is relatively inequitable A. As compared to countries with approximately the same income level, income distribution is relatively inequitable 4).
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66. U.S. Imports. The amount of imports to the United States has increased exponentially since 1980 - (Sources: U.S. Census Bureau; U.S. Bureau of Economic Analysis; U.S. Department of Commerce). The exponential function 1(x) = 297.539(1.075)*, where x is the number of years after 1980, can be used to estimate the total amount of U.S. imports, in billions of dollars. Find the total amount of imports to the United States in 1995, in 2005, in 2010, and in 2013. Round...
True or False 1. The achievement of greater efficiency in the United States has been at the expense of growing inequality. 2. One of the consequences of allowing wages to fall in the United States has been growing wage inequality. 3. If the budget deficit was eliminated, the federal government would have more money than it could spend. 4. Market economies are not constrained by scarcity; only planned economies have that problem. 5. Rent controls and controls on other prices...
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