Over the Period from 1971 to 2012, the U

question 291

Multiple Choice

Over the period from 1971 to 2012, the U.S. Gini ratio for household income ________, which means income inequality in the United States ________.

• A) increased; increased
• B) increased; decreased
• C) decreased; increased
• D) decreased; decreased

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Definitions:

Marginal Benefit

The bonus satisfaction or benefit gained by consuming one more unit of a good or service.

Marginal Social Benefit

The additional benefit to society from consuming one more unit of a good or service.

Street Cleanings

Municipality-provided services that remove dirt, litter, and debris from roads and public spaces to maintain cleanliness and sanitation.

Increases

Situations where there is a rise in the level, amount, or number of a certain variable or condition.