The basic economic argument for greater income equality is that:

1 answer:

7 0

The answer is that a more equal distribution of a given amount of income will increase the total utility of consumers. Income Inequality is common nowadays and is considered to be a market failure. Three causes of falling wages and the rise of income inequality is due to technology, trades and institutions. Large wages focuses on workers with high levels of education and skills.

You might be interested in

Russell Co. received a $520 utility bill for the current month's electricity. It is not due until the end of the next month whic

nekit [7.7K]

Answer:

Journal Entry to reflect the event is as follow;

Dr. Cr.

Utility Expense $520

Utility bill payable $520

Explanation:

Utility bill is received it means the expense is accrued and it is not due until the month end so a liability will be created and will be paid next month.

5 0

4 years ago

A donor gave equipment valued at $60,000 at the beginning of 2017 to a private not-for-profit organization. The equipment had a

tiny-mole [99]

Answer:

Usually the nonprofit organization should report the value of the donated asset as the difference between the price when donated minus depreciation: $60,000 - $6,000 = $54,000.

But nonprofit organization can choose to recognize only a part of the donation each year as long as they use the asset. This recognized part is usually equivalent to the depreciation cost, so the value of the asset at the end of the year will always be 0. They do this to show smaller balances in order to try to attract more donations. It is always harder for wealthy nonprofit organizations to get more donations, so be having 0 assets donated, they pretend to be "poorer".

4 0

4 years ago

Define private equity funds economics.

Bingel [31]

its like keeping the funds private and makeing sure no one knows alot about it

4 0

3 years ago

Electrical engineers install electrical wiring. True or False?

boyakko [2]

Answer:

TRUE

Explanation:

Electricians install electrical systems and the wiring that connects them to a power source. While they ensure the electrical systems they install work properly they do not create those electrical systems; that's what electrical engineers do.

4 0

3 years ago

Under certain circumstances which one of these engineering controls can create a caught between hazard

Paul [167]

Answer:

guardrails

Explanation:

Guardrails: In business, the term "guardrails" is described as something that is being designed to keep individuals from engaging in dangerous territory unintentionally. Thus, guardrails are generally kept in the trickiest areas, where it's easy for people to take a "wrong turn". Similarly, "decision-making guardrails" are responsible for protecting businesses from taking "unnecessary risks".

In the question above, the given statement represents guardrails.

3 0

3 years ago