Which one of the following is the most important factor contributing to inequality in earnings?Group of answer choicestechnologygenderproductivityasset ownership

Periods of unemployment leading into lower future earnings potential demonstrates the concept ofGroup of answer choicesIncome inequalityunemployment ratepoverty trappoverty gap

In a _____, the factors of production are owned collectively rather than individually, and no incentives to work harder or to produce quality products are provided.Group of answer choicesprivate enterpriseScratchcommunist economic systemScratchmixed economyScratchsocialisticScratchcapitalisticScratch

What is meant by the skill-biased technological explanation of increasing inequality?Group of answer choicesThere has been increasing inequality over the last 40 years because unskilled workers use no technology.There has been increasing inequality over the last 40 years among high-skilled workers.Inequality has increased because technological advances over the last 40 years have complemented the productivity of skilled labour more relative to unskilled labour.Inequality has increased because technological advances over the last 40 years have complemented the productivity of unskilled labour more relative to foreign labour.Inequality has increased because technological advances have not kept pace with the demand for education.

Deciding what the distribution of income should be is an example of positive economicsGroup of answer choicesTrueFalse

Multiple Choice QuestionRent is the income received for the use of which factor of production?Multiple choice question.CapitalLabourLandEnterprise