A Popular Explanation for the Most Important Cause of the Increase

question 121

Multiple Choice

A popular explanation for the most important cause of the increase in income inequality in recent years is:

• A) the elimination of many income redistribution programs.
• B) rapid technological change.
• C) the failing education system.
• D) the failing education system and rapid technological change.

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Definitions:

Gain or Loss

The financial result of selling an asset for more or less than its purchase price, respectively.

Fixed Asset Turnover

A financial ratio that measures a company's effectiveness in generating revenue from its fixed assets, such as property, plant, and equipment.

Sales

The activities involved in selling goods or services in return for money or other compensation.

Beginning Fixed Assets

The value of a company's long-term tangible assets at the start of a fiscal period.