Income inequality has risen in recent years due to a rise in labor's share of national income as a result of globalization.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following is not true of monopolistic competition?
a. There are a large number of buyers and sellers.
b. The firms produce differentiated products.
c. There exists free entry and exit of firms.
d. Each of the firms faces a horizontal demand curve.
e. Each of the firms acts as a mini monopoly in the market.
During drought years on the Galapagos, small, easily eaten seeds become rare, le
Divorce Rates, Selected Countries In many countries divorce rates have risen in recent decades.
Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience.
Income per Capita versus Inequality