The Statement "The Rich Get Richer and the Poor Get

question 235

Multiple Choice

The statement "the rich get richer and the poor get poorer" is evident in the fact that

• A)the earnings gap between high-skill jobs and low-skill jobs has increased over the last several years.
• B)developing countries do not pay workers the value of their marginal product.
• C)developed economies export high-skill jobs to developing countries.
• D)All of the above are correct.

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Definitions:

Lessee

An individual or entity that leases or rents an asset from its owner, known as the lessor.

Captive Finance Company

Wholly owned subsidiary that handles credit extension and receivables financing through commercial paper.

Wholly Owned Subsidiary

A company whose entire stock is held by another company, making it completely controlled by the parent company.

Manufacturer

A type of business or company that produces finished goods from raw materials in large quantities for sale.