Each of the Following Has Contributed to Growing Income Inequality

question 256

Multiple Choice

Each of the following has contributed to growing income inequality in the United States since 1975 except

• A) the decline in unionism.
• B) greater demand for highly skilled workers.
• C) stronger international competition from imports.
• D) government transfers.

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Definitions:

Finite Life

The limited time span during which an asset is expected to be useful in the operations of a business, after which it becomes obsolete or non-functional.

Amortized

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Legal Life

The duration for which an asset is protected or regulated by legal rights, often referring to intellectual property or contractual agreements.

Patent

An exclusive right granted for an invention, which provides the patent holder with protection for the invention from commercial exploitation by others.