Econ: Naked Econ, Mon. 11/15

Directions:  Read chapter 6 in Naked Economics and answer the following questions.  Please type your work.

Chapter 6: Productivity and Human Capital

• After reading Wheelan’s argument, do you agree that Bill Gates should be so much richer than you?
• Evaluate the following statement from p. 113: “We should not care about the  gap between rich and poor as long as everybody is living better.”

Human capital 98 / Job creation 103 / Effects of human capital on standard of living 105 / Productivity 107 / Income inequality 111