Based on Data from 2008,the Top Fifth of All Families

question 289

Multiple Choice

Based on data from 2008,the top fifth of all families received approximately what percent of all income in the United States?

• A) 78 percent
• B) 48 percent
• C) 21 percent
• D) 4 percent

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Definitions:

Trade Restrictions

Measures such as tariffs, quotas, and embargoes implemented by governments to control international trade and protect domestic industries.

General Agreement on Tariffs and Trade

An international trade treaty designed to boost economic recovery by reducing quotas and tariffs.

Free Trade Zones

Designated areas within a country where goods can be imported, handled, manufactured, and exported without direct intervention from customs authorities.

Mercosur

A South American trade bloc established to promote free trade and fluid movement of goods, people, and currency among its member countries.