Which of the Following Statements Is Correct

question 135

Multiple Choice

Which of the following statements is correct?

• A) The United States has a more equal distribution of income than other developed countries such as Japan and Germany.
• B) The statement "a rising tide lifts all boats" illustrates how economic growth reduces the number of people with income levels below the poverty line.
• C) The economic life cycle explains why people base spending decisions on transitory income.
• D) The United States has more income inequality than some developing countries, such as Mexico and Brazil.

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Definitions:

Practical Ideas

Concepts or solutions that can be implemented effectively and have potential for real-world application.

Human-Centered Design

A design approach that prioritizes the needs, wants, and limitations of the end-user at every stage of the design process.

Human Needs

Fundamental requirements that people need to survive and thrive, including physiological needs, safety, love, and esteem.

Design Thinking

A problem-solving approach that involves assessing known aspects of a problem and identifying the more ambiguous or peripheral factors that contribute to the conditions of a problem.