Author Question: A quota is the same as a voluntary export restraint. Indicate whether the statement is true or ... (Read 85 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
A quota is the same as a voluntary export restraint.
 
  Indicate whether the statement is true or false

Question 2

What role might contests among superstars play in accounting for income inequality?
 
  What will be an ideal response?


l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

FALSE

Answer to Question 2

Contests can explain why the super-rich have incomes that have increased greatly over the years. With increased globalization, the pool of contestants has increased dramatically. With the larger number of conspiracy, each contestant's probability of winning has shrunk. So contests need to have larger differences in payouts for the winners versus the losers so as to induce larger efforts to win the contest. The result is that the contest winnersbe they sports stars, entertainment stars, of CEOsnowadays have much larger incomes than the vast number of losers.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

For a complete list of videos, visit our video library