Suppose all persons have the same innate ability and the same access to capital markets. Which of the following will decrease inequality?
A) People vary more in their time horizon.
B) People vary more in the value they place on leisure.
C) People become more willing to leave the labor force when their wages fall.
D) People become more risk-adverse
Correct Answer:
Verified
Q23: The area under a Lorenz curve is
Q25: Table 14.1 Incomes in Pololand
Q28: Table 14.1 Incomes in Pololand
Q29: An increase in inequality will always be
Q30: During the 1980s,inequality increased.While the wages of
Q38: Assume that less skilled workers are in
Q41: Suppose that earnings instability (such that income
Q41: In an economy,employers cover the cost of
Q42: The widget industry is competitive. Widgets (W)
Q55: The widget industry is perfectly competitive and
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