Since 1950,the Average Incomes of Every Income Group Increased,but the Incomes

question 115

Multiple Choice

Since 1950,the average incomes of every income group increased,but the incomes of the wealthiest Americans (the top 5 percent) increased more sharply than those of any others.This pattern is referred to as

• A)the gender gap.
• B)hyper-inflation.
• C)the income gap.
• D)the 99 percent.
• E)inflation.

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Definitions:

Tender of Performance

An offer by one party to perform their part of the contract, demonstrating readiness and willingness to fulfill the contract terms.

Contractual Obligation

A duty or commitment one party agrees to perform as outlined in a contract.

Deposit

An amount of money placed with a bank for safekeeping or as partial payment for a purchase.

Anticipatory Breach

A situation in contract law where one party indicates, either by words or actions, that they will not fulfill their contractual obligations before the due date.