Which of the following acted as a counterweight to increasing income inequality during 1960 - 1980?
A. An increase in the number of two-earner households
B. An increase in the tax rates on carried interests
C. A decrease in inheritance tax rates
D. A decline of union-represented manufacturing employees
Answer: A
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There is evidence to suggest that slaves were commonly sold and families were often separated
Indicate whether the statement is true or false
In perfect competition, an increase in the firm’s fixed costs lead to
A. a drop in the firm’s output. B. an increase in the firm’s output. C. an increase in its total costs. D. a drop in industry output.
Collusion refers to a situation where rival firms decide to:
A. Compete aggressively against each other B. Cheat on each other C. Agree with each other to set prices and output D. Combine their operations and merge with each other
Refer to the diagram. Physicians likely would argue that health care should be provided to patients in:
A. some amount less than Q 1 .
B. amount Q 1 .
C. some amount between Q 1 and Q 2 .
D. amount Q 2 .