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Author Question: A welding machine is an example of a factor of production if it is being used to produce ... (Read 62 times)

JMatthes

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on: Jun 29, 2018
A welding machine is an example of a factor of production if it is being used to produce automobiles.
 
  Indicate whether the statement is true or false

Question 2

Does inherited wealth make the distribution of income less equal or more equal?
 
  What will be an ideal response?


l.stuut

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

An inheritance from older to a younger generations can only increase wealth and can never decreases wealth within a family, which helps make the distribution of wealth more unequal over time, all else equal. However if a generation is lucky and earns a high income and then passes some of it along as an inheritance to more typical less lucky lower-income generations, then inherited wealth makes the distribution of income more equal.


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