One reason economic ________ occurs is because high-skilled workers ________.
A) inequality; have a higher value of marginal product than low-skilled workers and earn higher wages
B) inequality; pay higher income taxes on their higher wages
C) income redistribution; have a higher value of marginal product than low-skilled workers
D) equality; earn higher wages so firms demand less high-skilled labor
E) equality; have a lower value of marginal product due to higher wages
Correct Answer:
Verified
Q89: A _ has a constant tax rate
Q90: Q91: Inequality in the distribution of income and Q92: In the United States,the federal and state Q93: A _ tax is one that taxes Q95: Suppose a government of LaLa Land imposes Q96: Which of the following currently helps redistribute Q97: Suppose a government imposes the following tax Q98: The wage rate that high-skilled workers receive Q99: The vertical distance between the supply curves![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents