Which of the Following Statements About Income Distribution in the United

question 160

Multiple Choice

Which of the following statements about income distribution in the United States is NOT true?

• A) Over the past several decades, the rich have grown richer.
• B) Over the past several decades, the middle class has grown faster than other classes.
• C) Over the past several decades, the poor have remained poor.
• D) The top 20 percent of earners capture over 50 percent of all income.
• E) The top five percent of American earners get nearly 22 percent of the country's adjusted gross income.

Identify distinct biomes based on specific environmental and climatic conditions.

Understand the geographical distribution of various biomes globally.

Recognize the characteristic flora and fauna associated with different biomes.

Comprehend the ecological importance of biodiversity within each biome.

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Definitions:

Safety Hazard

A condition in the workplace or environment that has the potential to cause harm or injury to people.

Market Equilibrium

A condition where the quantity of a good or service supplied equals the quantity demanded, leading to no upward or downward pressure on price.

Inefficient

A situation where resources are not used in the most effective way, leading to potential waste or lost opportunities.

Externalities

Costs or benefits of a market activity borne by a third party; externalities can be either positive or negative.