What Led to the Growing Concentration of the Working Poor

question 37

Multiple Choice

What led to the growing concentration of the working poor in the "inner cities," while middle-class professionals and business executives increasingly lived further away from
City centers?

• A) growing belief in Reform Darwinism and the wish to spread it
• B) the increasing number of theaters and restaurants found beyond city limits
• C) the lack of jobs in general, not just those that were high paying
• D) the growth of transportation options such as streetcars and trolleys
• E) mistrust of how safe new, taller apartment complexes were

Comprehend the relationship between consumption, saving, and disposable income.

Identify the factors that affect consumption spending.

Learn about the marginal propensity to save (MPS) and its significance.

Interpret how changes in income affect consumption and saving.

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Definitions:

Housing Cost

The expense associated with acquiring, maintaining, or renting a residence.

Contract Remedies

Legal solutions available to a party of a contract when the opposing party has breached the agreement.

Contract Frustration

A legal doctrine which releases both parties from their contractual obligations due to unexpected events that render the contract impossible to fulfill.

Prize Horse

A highly valued or award-winning horse often recognized in competitive events or breeding.