Econ Movies: Avengers Endgame

What is the main economic concept discussed in the introduction of the video?

• Supply and demand

• Fiscal policy

• Monetary policy

• Income inequality

Why is income inequality considered beneficial in business according to the video?

• It ensures equal distribution of wealth

• It motivates businesses to improve their products

• It guarantees job security

• It reduces competition

What is a common argument against high CEO salaries?

• They do not work significantly harder than other employees

• They are not taxed enough

• They do not contribute to the economy

• They are not educated enough

What is one reason given for the gender pay gap?

• Lack of education

• Discrimination in hiring

• Fewer job opportunities

• The child wage penalty

How does the video suggest the gender pay gap could be perceived as fair?

• If men earn less than women

• If women work fewer hours

• If women voluntarily choose caregiving roles

• If women are forced into caregiving roles

What does the Lorenz curve illustrate?

• The rate of inflation

• The growth of the economy over time

• The distribution of income among households

• The distribution of wealth among countries

What does income mobility refer to?

• The change in income levels over a person's lifetime

• The ability to move to a different country for work

• The stability of income over time

• The increase in income due to inflation

What percentage of Americans will spend at least one year in the top 10% of income earners?

• 20%

• 73%

• 56%

• 10%

What is the significance of Captain America's shield in the context of the Lorenz curve?

• It represents perfect income equality

• It is a metaphor for economic growth

• It symbolizes economic protection

• It indicates economic stability

What is the main takeaway about income inequality from the video?

• It is a simple issue with clear solutions

• It is a complex issue with many nuances

• It is only a problem in developing countries

• It is solely caused by government policies