Income mobility:
A. contributes to greater wealth inequality in the United States.
B. is less in the United States than in most developing nations.
C. is the movement of individuals and households from one income quintile to another over
time.
D. makes lifetime income inequality among income receivers in the United States greater than
income inequality in any single year.
Answer: C
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One reason regulators push for higher prices in an industry is to
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An economy with a trade surplus must also have:
A. positive net capital inflows. B. a budget surplus. C. a trade deficit. D. positive net capital outflows.
A "managed floating" system of exchange rate determination
A. was the primary system for determining exchange rates between World War I and World War II. B. was the primary system for determining exchange rates from the end of World War II until 1971. C. was the primary system for determining exchange rates before 1914. D. has been the primary system for determining exchange rates since 1971.