The U.S. Economy: Private and Public Sectors ANSWERS TO END-OF-CHAPTER QUESTIONS 4-1 4-2 4-3 Distinguish between the functional and personal distribution of income. Which is being referred to in each of the following statements? “The combined share of wage income and proprietary income has remained remarkably stable at about 80 percent since the Second World War.” “The relative income of the richest households is higher today than in 1970.” The functional distribution of income shows
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the key sources of energy means; fossil fuels are being depleted in a rapid mode which reflects that we need to concentrate over alternative sources of energy that could also prove to be eco-friendly. But‚ before discussing that it should be better to have an idea about the current scenario and where we are standing today in context of availability of energy resources. At present‚ approximately 80 percent of the energy used by us is supplied via fossil fuels which are called non-renewable energy
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United States‚ privately/publicly owned firms produce most goods and services. The U.S.‚ being the largest economy in the world‚ produce different kinds of goods and services that are divided into four main sectors. The first sector produces goods made directly from natural resources. the second sector manufactures and generates electricity. The third sector‚ and the largest part of the U.S. economy‚ it enclosed financial services such as retail‚ government services‚ and entertainment. The fourth sector
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It would be normal to think that immigrants and refugees will affect somehow the economy of the European nations‚ because more jobs and health coverage is required‚ but also more goods will be needed in order to meet a higher demand. Prices might increase‚ but it is important to be mindful that companies that sell inferior products might increase in revenues since refugees will be able to spend only a few euros on their goods. According to Huttl P. and Leandro A. (2015)‚ “ the net fiscal contributions
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1. A. Fossil evidence has been used to support evolution. Paleontologists have dug up old bones and other things that were preserved in sedimentary rock. All of these things that were found show evidence that there was life long ago‚ however that’s not the only thing these fossils show. Fossils also show that there have been changes in the organisms that have inhabited this earth. The reason it supports that is once we compare the fossils to another organism‚ by using many different techniques‚ we
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Fossil Story Paper Northeastern Illinois has a great deal of geological history hidden beneath the surface. If you just take a trip to the Larson Quarry or even Pit 11 you can find some interesting rock formations as well as fossils in them. But‚ if you cannot get to these areas‚ this paper can tell you what you can find in 5 different locations in Northeastern Illinois. We will be looking at Larson Quarry‚ Thornton Quarry‚ Mazon River‚ Pit 11‚ and the Glacial Drift which is at Palos Hills and
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and many millions of men and women in the various industries that supported the war effort. There was concern that when the war ended there would be another depression because that war-time employment would end. But that didn’t happen. The wartime economy brought about full employment and‚ in doing so‚ achieved what New Deal programs had been unable to do. In 1940‚ there were 8 million Americans unemployed. By 1941‚ however‚ unemployment was almost unheard of. There were actually labor shortages in
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states the criticisms of selling fossils to private owners and provides three reasons of support. While in the listening‚ the professor contradicts the textbook and says the advantages of selling the fossils to private owners outweight the disadvantages. Also‚ she refutes each of the author’s reasons. First of all‚ the reading passage contends that people will miss out viewing the fossils when they go to the private collectors. Consequently‚ the public interest in fossil will reduce. However‚ the professor
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ASSIGNMENT SPECIAL PRODUCT GROUP BRAND: FOSSIL FOSSIL BRAND Founded in 1984‚ the Fossil brand was the springboard for everything the company has become for more than a quarter of a century. Fossil prides itself on its commitment to American vintage inspiration. This commitment has allowed for a strong retail presence globally‚ with more than 400 retail locations‚ 4‚000 wholesale locations and 13‚000 employees worldwide. Alongside the Fossil Brand‚ the company is constantly developing
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Ever since the 1400s‚ the production of sugar has influenced the world economy‚ governments and social structure. Sugar put people in motion throughout the world for the purpose of building wealth‚ with unattended consequences of building global connections that still remain today and facilitating cultural diffusion.The reason people wanted sugar was that to them it was known as "white gold". It was referred as this because it was the first product in human history that satisfied the desire of sweetness
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