During the Past 25 Years the Degree of Income Inequality

question 53

Multiple Choice

During the past 25 years the degree of income inequality in the United States has been rising.Which of the following is not a possible reason for this phenomenon?

• A)technological progress that has increased the demand for high-skilled workers relative to the demand for low-skilled workers
• B)increased imports of labor-intensive products
• C)increased immigration
• D)higher divorce rates

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Definitions:

Operation of Systems

The process of managing and executing the functions and activities of interconnected and interdependent components to achieve specified goals.

Economic Behavior

The study of how individuals, institutions, and societies make decisions under constraints of resources, including analysis of market and non-market behaviors.

Normative Statement

An opinion-based statement that reflects beliefs about what is good or desirable and prescribes or recommends specific policies.

Health Insurance

A type of insurance coverage that pays for an individual's medical and surgical expenses.