Table 20-6 -Refer to Table 20-6. a Person Who Is Concerned That

question 398

Multiple Choice

Table 20-6
-Refer to Table 20-6. A person who is concerned that income inequality has worsened between 2011 and 2012 would cite which of the following statistics to support her position?

• A)The percentage of people earning less than $25,000 decreased from 2011 to 2012.
• B)The percentage of people earning more than $100,000 increased from 2011 to 2012.
• C)The percentage of people earning between $50,000 and $100,000 stayed virtually constant from 2011 to 2012.
• D)Both a and b are correct.

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Definitions:

Domestic-Born Workers

Individuals who are employed and were born in the country where they are working.

Total Supply

The entire quantity of a particular good or service that is available for purchase in the market.

Illegal Immigrants

Individuals who enter or reside in a country without the necessary legal documentation or who overstay their visa.

Minimum Wage Laws

Legislation that sets the lowest hourly wage rate that employers can legally pay their workers, intended to protect workers from exploitation.