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-averse.
Correct Answer:
Verified
Q45: What is the variance of earnings? How
Q46: Interpret the elasticity of sons' earnings with
Q47: Suppose that earnings instability (such that income
Q48: "One important factor accounting for the widening
Q49: What institutional forces might account for the
Q51: Compared to other developed countries,where does the
Q52: How is it that technological change could
Q53: The widget industry is competitive.Widgets (W)are produced
Q54: Suppose that men,ages 25-64,with earnings of $22,000
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