Table 20-13 The Following Table Shows the Distribution of Income in Widgetapolis

question 459

Multiple Choice

Table 20-13
The following table shows the distribution of income in Widgetapolis. ​
-Refer to Table 20-13. Eighty percent of all families have incomes below what level?

• A)$39,000
• B)$60,000
• C)$82,000
• D)$110,000

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Definitions:

Mobil

An American oil company now merged with Exxon to form ExxonMobil, one of the world's largest publicly traded international oil and gas companies.

Chevron

An American multinational energy corporation, one of the world's leading integrated energy companies, involved in every aspect of the oil and gas industry.

John D. Rockefeller

An American industrialist and philanthropist who was a co-founder of the Standard Oil Company and became one of the world's wealthiest individuals.

Oil Trust

Historical term referring to monopolies or near-monopolies in the oil industry, specifically in the United States during the late 19th and early 20th centuries.