Describe the main factors economists believe cause inequality of income.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
According to the marginal productivity theory of income distribution ...View the full answer
Answered By
FREDRICK MUSYOKI
Professional Qualities:
Solution-oriented.
Self-motivated.
Excellent problem-solving and critical thinking skills.
Good organization, time management and prioritization.
Efficient troubleshooting abilities.
Tutoring Qualities:
I appreciate students as individuals.
I am used to tailoring resources for individual needs.
I can integrate IT into student's lessons.
I am good at explaining concepts.
I am able to help students progress.
I have a wide curriculum knowledge.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Micro Economics questions
-
Briefly describe the main factors that affect a call option's value, and how they affect the value.
-
Briefly describe the main factors that affect a put or a call option's value, and explain how they affect the value of each.
-
Briefly describe the main factors DBRS considers in determining its debt ratings.
-
What is the result of the following? A. [Natural History, Science] B. [Natural History, Science, Art] C. The code does not compile. D. The code compiles but throws an exception at runtime. } import...
-
Acetylene is hydrogenated to form ethane. The feed to the reactor contains 1.50mol H 2 /mol C 2 H 2 . (a) Calculate the stoichiometric reactant ratio (mol H 2 react/mol C 2 H 2 react) and the yield...
-
The net income per books of Adamson Company was determined without knowledge of the errors indicated below. Instructions Prepare a worksheet to show the adjusted net income figure for each of the 6...
-
Which of the following is true for the virial equation of state? (a) Virial co-efficients are universal constants (b) Virial co-efficient \(B\) represents three-body inter actions (c) Virial...
-
The actual and planned data for Underwater University for the Fall term 2014 were as follows: Registration, records, and marketing costs vary by the number of enrolled students, while instructional...
-
1. Bassman, R. (2005). Mental illness and the freedom to refuse treatment: Privilege or right. Do individuals with mental illness have a right to refuse treatment. 2. Expound upon The Sell v United...
-
A Gallup poll indicated that 20% of Americans had confidence in U.S. banks. Interestingly, 58% also said that they had confidence in their main or primary bank. (data extracted from D. Jacobs,...
-
What is a Lorenz curve? What is a Gini coefficient? If a country had a Gini coefficient of 0.48 in 1960 and 0.44 in 2016, would income inequality in the country have increased or decreased?
-
Describe the trend in global poverty rates.
-
A $1,000 zero coupon bond sells for $519 and matures after five years. What is the current yield and the yield to maturity?
-
Beginning from rest, a 13.0 kg desk is pushed by a force of 4.00 N horizontally on a level rough floor. If the coefficient of static friction between the desk and the floor is 0.5, and the...
-
A raccoon whacks a 30 g toy on a straight, horizontal floor that imparts to it an initial speed of v 0 = 5 m/s. The coefficient of kinetic friction between toy and floor is k = 0.14. What is the...
-
A copper wire that has been heated to 520C for pliability is plunged into 350 ml of water at 18C. The final temperature of the copper and water bath is 31 C. Find the mass of the copper wire....
-
A boy pushes a 125 kg crate up a ramp inclined at 25o from the horizontal the floor by applying a force of 770 N parallel to the ramp. Calculate the coefficient of kinetic friction if the crate...
-
A 2.5 kg radio controlled plane flies through a vertical loop of radius 6.0 m at a speed of 12 m/s. Calculate the lift force the air must exert on the plane when it is at the lowest point in the...
-
Last year, Creative Artists retained $100,000 of the $250,000 net income it generated. This year, Creative generated net income equal to $275,000. If Creative follows the constant payout ratio...
-
The senior management at Davis Watercraft would like to determine if it is possible to improve firm profitability by changing their existing product mix. Currently, the product mix is determined by...
-
A news story reported that the former CEO of homebuilder KB Home was convicted of four felony counts in a stock option backdating scam. The article goes on to note: A stock option allows an employee...
-
Briefly explain in which of the following situations moral hazard is likely to be less of a problem. a. A manager is paid a flat salary of $150,000. b. A manager is paid a salary of $75,000 plus 10%...
-
Yves Smith runs the popular financial blog nakedcapitalism.com. In one of his postings, he noted: Amex [American Express] is offering very hefty balance reductions (20%) to business accounts who pay...
-
www The sugar cane industry is a big industry on Hawaii. Raw sugar cane is first cut from the fields, then chopped and shredded. The raw cane contains 15 wt% sucrose, 25 wt% solids, and water, along...
-
Keri, in forming a new corporation, transfers land to the corporation in exchange for 100 percent of the stock of the corporation. Keri's basis in the land is $295,000, and the corporation assumes a...
-
What does a manager who subscribes to Theory X believes ? Explain thoroughly.
Study smarter with the SolutionInn App