One of the major trends that must be monitored is the increasing concentration of wealth in America. Capitalism and democracy accelerate this problem. This can be seen clearly in the following data, which shows entrepreneurship rewards, as well as-unfortunately-an increased concentration of wealth.

The richest, or top 1 percent of the country, now own 34.3 percent of the nation's private wealth and 36.9 percent of all corporate stock. These numbers are growing. In 2005, this group received 21.8 percent of all pre-tax income-just 30 years ago, in 1976, they only accounted for 8.9 percent of U.S. income. The total inflation-adjusted net worth of the Forbes 400 rose from $470 billion in 1995 to $1.25 trillion in 2006One of the major trends that must be monitored is the increasing concentration of wealth in America. Capitalism and democracy accelerate this problem. This can be seen clearly in the following data, which shows entrepreneurship rewards, as well as-unfortunately-an increased concentration of wealth.

The richest, or top 1 percent of the country, now own 34.3 percent of the nation's private wealth and 36.9 percent of all corporate stock. These numbers are growing. In 2005, this group received 21.8 percent of all pre-tax income-just 30 years ago, in 1976, they only accounted for 8.9 percent of U.S. income. The total inflation-adjusted net worth of the Forbes 400 rose from $470 billion in 1995 to $1.25 trillion in 2006

Question six

1. . State whether economics is

2. The branch of economics wherein mathematics and statistics are used to measure and analyze economics activities is called.................

3. The opportunity cost of a machine which can produce only one product is:

4. It is defined as a state of knowledge in which one or more alternatives result in a set of specific outcomes but where the probabilities of the outcomes are neither known nor meaningful.

5. Opportunity cost cannot be explained as

6. .................. is also known as prescriptive economics.

7. . ......cost are also known as Imputed Costs

8. There are ......branches of economics.

9. It is the study of economics actions of individuals and small groups of individuals.

10. An input should be so allocated that the value added by the last unit is the same in all cases.