Based on the table showing income inequality in the United States, the proportion of income earned by the highest fifth and the highest 5% of Americans were both greatest in ______.
a. 1935
b. 1950
c. 1960
d. 1970
a. 1935
You might also like to view...
An annually balanced federal budget ________ macro- stabilization policy by requiring ________ fiscal policy during recessions
A) inhibits, tighter B) inhibits, easier C) assists, tighter D) assists, easier
If a good has a price elasticity of demand coefficient less than one, then:
a. this good has an elastic demand. b. this good has an inelastic demand. c. a 10 percent increase in the price will result in a greater than 10 percent decrease in the quantity demanded. d. the demand curve will be vertical.
The distribution of profits among partners is determined by the
a. government's regulations b. partnership agreement c. financial contribution each makes to the business d. limits of their liability e. quantity of stock each owns
When a market is in equilibrium:
A. both excess demand and excess supply are positive. B. there is neither excess demand nor excess supply. C. both excess demand and excess supply are positive and equal to each other. D. there is either excess demand or excess supply.