Which of the Following Was NOT Mentioned in the Textbook

question 1

Multiple Choice

Which of the following was NOT mentioned in the textbook as a possible factor in increasing income inequality in the United States since 1968?

• A) increases in immigration
• B) growth in international trade
• C) technological change
• D) a reduction in the number of people attending college

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Definitions:

Government Guarantees

Government guarantees refer to promises made by the government to back certain obligations of entities, reducing risk for investors and encouraging investment in specific areas.

Socialize Losses

A policy or practice where financial losses are distributed across the broader society, typically through government intervention, instead of being borne solely by those who incurred the losses.

Privatize Gains

The concept where profits are allocated to private individuals or corporations rather than being shared with the public or society at large.

Mohair Production

The process of harvesting and processing the fiber produced by Angora goats, used in textiles.