Which of the Following Does Not Explain the Rise in Income

question 15

Multiple Choice

Which of the following does not explain the rise in income inequality in the United States from 1970 to 2017?

• A)Changes in technology.
• B)An increase in minimum wages.
• C)A reduction in the demand for unskilled labor.
• D)Increased international trade with low-wage countries.

Understand the biological basis and treatment options for schizophrenia and depression.

Comprehend the role of genetics in mental health, including the concordance rates for schizophrenia in identical twins.

Recognize the brain correlates of mental health disorders and their implications for treatment.

Understand the mechanisms through which selective serotonin reuptake inhibitors combat depression.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs, reflecting the actual profitability.

Absorption Costing

A method of accounting that incorporates both variable and fixed manufacturing expenses into the pricing of a product.

Variable Costing

A costing method in which only variable production costs are assigned to inventory and cost of goods sold, excluding fixed manufacturing overhead.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, culminating in net income or loss.