What are some reasons why a certain degree of inequality of income would be expected in a

Question:

What are some reasons why a certain degree of inequality of income would be expected in a market economy?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

See More Books

Question Posted: Oct 31, 2023 07:12 AM

See More Questions

Some people are tempted to make their finances look worse to get financial aid. Companies sometimes also manage their financial numbers in order to accomplish certain goals. Earnings management is...
What are some reasons why a horizontal merger might create value for shareholders?
What are some reasons why a merchandiser might prefer to use a perpetual inventory system over a periodic inventory system?
Each student will interview a manager or an employee (who might be a family member, a friend, or an acquaintance) to determine the extent to which the issues raised in the case are represented in his...
Polygram, a French company, made records, tapes, and CDs. 32-03, a New York distributor, ordered goods from Polygram that were delivered in four shipments with written invoices. The invoices noted...
Kevin Johnson is quoted on the Starbucks website as saying, We aspire to be a place of inclusion, diversity, equity and accessibility. Explain what you think this means. How are these four concepts...
As a gambling facility, MGM Desert Inn, Inc., regularly holds and executes negotiable instruments. During a period of two months, patron William E. Shack Jr. entered MGM and delivered eight checks to...
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing...
True regarding amendments that propose to change the proportional percentage by which each condominium or cooperative member shares common areas expenses or owns the common surplus in Florida?
What are the main reasons economists give for the increase in inequality of incomes?
How has the inequality of income changed in the U.S. economy since the late 1970s?
Write the assembly language equivalent of the following MARIE machine language instructions: a. 0111000000000000 b. 1011001100110000 C. 0100111101001111
How IKEA use their strengths and opportunities in doing business?
Polled trait and black coat color are examples of dominant traits in cattle. If we cross a double heterozygous male to a double heterozygous female, what the phenotypic and genotypic frequencies are...
Describe how accountants meet their obligations to help prevent and detect money laundering including record keeping and reporting of suspicion to the appropriate regulatory body. Refer to the...
What is the cumulative budgeted cost at the end of week 6? Week 1 2 3 4 5 6 7 8 9 10 Task 1 $10,000 $15,000 $ 5,000 Task2 Task 3 Task 4 $10,000 $10,000 $10,000 $20,000 $ 10,000 $ 10,000 $ 5,000 $...
Communication audits are an important way to profile effectiveness, especially in low-performing schools. Define the term communication audit. What does it entail? How can an audit be used to...
Consider how Bear Valley, a popular ski resort, could use capital budgeting to decide whether the $ 8.5 million Autumn Park Lodge expansion would be a good investment. Requirements 1. Compute the...
Explain the operation of the dividends received deduction.
Prepare the journal entry to reconcile the bank statement in EA9. Data from in EA9 Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance: $5,577 ...
Is it required to have only one petty cashier or should the company appoint more than one person to administer the fund? Why?
Prepare journal entries for the following transactions from Restaurant Depot. Nov. 8 Nov. 17 Customer Miles Shandy purchased 200 pans at $35 per pan, costing Restaurant Depot $21 per pan. Terms of...
Saunders Corp. has a book net worth of $15,800. Long-term debt is $3,250. Net working capital, other than cash, is $4,150. Fixed assets are $3,900 and current liabilities are $2,150. Required: (a)How...
Choose a subculture or counterculture(10 points), and using the six elements of culture, research your group and share your research in a PowerPoint presentation. The six elements are: symbols(10...
Refer to the following information: Amount issued $410 million Offered Issued at a price of 101.75% plus accrued interest (proceeds to company 98.717%) through Citi and JPMorgan. Interest 9.50% per...

What are some reasons why a certain degree of inequality of income would be expected in a

Question:

Step by Step Answer:

Income inequality is a common feature of market economies and there are several reasons why a certain degree of income inequality is expected in such economic systems These reasons can be attributed t...View the full answer

Principles Of Economics

Students also viewed these Business questions