Income inequality has risen in recent years due to a rise in ...

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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.

[randomguy133]

Answer to Question 1

False

Answer to Question 2

d

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Thank you

[randomguy133]

Happy to help you