A Factor That Has Been Associated with the Increase in Income

question 86

Multiple Choice

A factor that has been associated with the increase in income inequality in the United States is the:

• A)decrease in households headed by single women.
• B)reduction in the percentage of the population over age 65.
• C)increase in immigration.
• D)slowdown in technological change.

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Definitions:

Prohibition

The legal act of prohibiting the manufacture, transportation, and sale of alcohol, most famously enacted in the United States from 1920 to 1933.

Andrew Mellon

Andrew Mellon was an American banker, businessman, industrialist, philanthropist, art collector, and politician who served as the U.S. Secretary of the Treasury from 1921 to 1932.

Treasury

A government department responsible for managing the monetary resources, including revenue and expenditure, of a country or state.

Tariffs

Taxes imposed on imported goods, often used to protect domestic industries from foreign competition or to generate revenue.