Which of the following is a reason for increased income inequality?Market forces lead to highly diverse marginal revenue products based on the goods and services provided by laborers.There is a decrease in the productive capacity of capital so that wages and salaries are instead paid to an improving labor forceTaxes on earmings are collected each year and the amount per worker is based on a progressive calculation.Market wages are rising, and so the unemployed are incentivized to find a job.The structure of the labor union is reorganized such that their bargaining power is increased significantly.

Income Inequality: The term income inequality refers to the situation wherein a society few people…

Which of the following is a reason for increased income inequality? Market forces lead to highly diverse marginal revenue products based on the goods and services provided by la There is a decrease in the productive capacity of capital so that wages and salaries are instead paid to an impro Taxes on earmings are collected each year and the amount per worker is based on a progressive calculation. Market wages are rising, and so the unemployed are incentivized to find a job.

Which of the following is a reason for increased income inequality? Market forces lead to highly diverse marginal revenue products based on the goods and services provided by la There is a decrease in the productive capacity of capital so that wages and salaries are instead paid to an impro Taxes on earmings are collected each year and the amount per worker is based on a progressive calculation. Market wages are rising, and so the unemployed are incentivized to find a job.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter28: Income Inequality And Poverty

Section: Chapter Questions

Problem 12CQ

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Question

Which of the following is a reason for increased income inequality?
Market forces lead to highly diverse marginal revenue products based on the goods and services provided by laborers.
There is a decrease in the productive capacity of capital so that wages and salaries are instead paid to an improving labor force
Taxes on earmings are collected each year and the amount per worker is based on a progressive calculation.
Market wages are rising, and so the unemployed are incentivized to find a job.
The structure of the labor union is reorganized such that their bargaining power is increased significantly.

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