Economic Systems and Daily Life Answers
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A wealth gap is an economic difference between
A
nations.B
economic classes.C
businesses.D
governments.2
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What is one counter-argument to the premise that the wealth gap is a serious problem which needs to be addressed?
A
The lower classes have the opportunity to invest.B
Poor people can easily move into the middle class.C
Investments by the upper class create lower-class jobs.D
Buying power sharply increases for the working class.3
In a mixed market economy, property owned by the government
A
can be used by many citizens.B
can cause economic inequality.C
can help promote personal wealth.D
can be used for private businesses.4
How does a command economy differ from a mixed market economy?
A
In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.B
In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.C
In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property.D
In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property5
This graph shows the division of wealth in the United States in 2010.Based on this graph, how much wealth did the top 20 percent of the population hold?
A
about 35 percentB
about 55 percentC
about 80 percentD
about 90 percentDid you find these answers helpful?
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