Directions: Apply the Knowledge You Have Gained from Chapter 5

question 6

Multiple Choice

Directions: Apply the knowledge you have gained from Chapter 5 to select the best answer to the questions about the following graphic organizer.

The graphic organizer identifies the key details in an essay that​

• A)Describes the causes of budget cuts to the public library
• B) Describes the effects of budget cuts to the public library
• C)Both A and B
• D) ​None of the Above

---

Definitions:

Income Distribution

How a nation’s total GDP is spread amongst its population, impacting the economic welfare of its citizens.

Relative Scarcity

Relative scarcity refers to the situation where a resource is limited in supply when compared to the demand for it.

Marginal Tax Rates

The rate of tax applied to the next dollar of taxable income, which increases as income rises within progressive tax systems.

Dual-Earner Families

Dual-earner families are those where both partners in a household engage in paid employment.