Quiz 3 Flashcards
1
Q
What is financial capital?
A
Resources that are translated into monetary instruments. Can be used to make more money.
2
Q
How can financial capital be used to create more money?
A
creating goods and services adding value investing in financial instruments speculative investments mergers and aqcuisitions
3
Q
What is income?
A
Money that accrues during a defined period
4
Q
What is wealth?
A
accumulated assets held by an individual or a family
5
Q
How much of the national income is going to the top 1%?
A
20%
6
Q
What does Joseph S. propose?
A
Progressive capitalism, public options
