The Study by Economists Cox and Alm Found That the 2006

question 225

Multiple Choice

The study by economists Cox and Alm found that the 2006 pre-tax income of the richest fifth of U.S. households is

• A)5 times the pre-tax income of the poorest fifth.
• B)10 times the pre-tax income of the poorest fifth.
• C)15 times the pre-tax income of the poorest fifth.
• D)20 times the pre-tax income of the poorest fifth.

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Definitions:

Offering

A product, service, or combination thereof that a company presents to its customers.

Place Utility

Availability of a product in a location convenient for customers.

Title Transfer

The legal process of transferring ownership of property, such as real estate or vehicles, from one party to another.

Location

The geographical place or position of something.