The Rising Income Gap Among Highly Educated Workers in the United

question 45

Multiple Choice

The rising income gap among highly educated workers in the United States:

• A) is an important feature of the increase in income inequality.
• B) has not been a cause of concern for income inequality policy makers.
• C) is less of a concern than the effect of increased immigration on income inequality.
• D) has been present for the past 80 years.

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Definitions:

Marginal Social Cost

The additional cost imposed on society as a whole by producing one extra unit of a good or service.

Nonrival

A good or service that can be consumed by one individual without preventing the consumption of the good by another individual.

Nonexcludable

A characteristic of a public good, indicating that it is not feasible to prevent non-paying customers from consuming the good.

Excludable

An excludable good is one from which it is possible to prevent people from benefiting unless they have paid for it.