Which of the Following Best Explains Why the Wealth Gap

question 40

Multiple Choice

Which of the following best explains why the wealth gap is greater than the income gap between blacks and whites?

• A) A culture of poverty among African Americans discourages achievement and saving money.
• B) The legacy of discrimination provided little or no opportunity to accumulate wealth.
• C) Some social groups value wealth, while others value income.
• D) Federal regulation has eliminated racial bias in income.

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Definitions:

Perpetual Inventory System

An inventory management system where transactions are recorded in real-time, continuously updating inventory and cost of goods sold balances.