According to Schweickart, Which Is False

question 14

Multiple Choice

According to Schweickart, which is false?

• A) In the U.S. the top 1% of owns 40 to 50 percent of all U.S. wealth.
• B) This is more than the combined wealth of the bottom 95%
• C) It is the nature of inequality in the U.S. which is immoral
• D) We are fortunate that inequality in the U.S. does not compromise democracy

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Definitions:

Debt Instrument

A paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with terms of a contract.

Bond

A fixed income investment in which an investor loans money to an entity (corporate or governmental) which borrows the funds for a defined period at a variable or fixed interest rate.

Financial Asset

An intangible asset that derives value from a contractual right or ownership claim, such as stocks, bonds, or bank deposits.

Company's Profits

The financial gain realized when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activities.