In the Last Decades of the Nineteenth Century,incomes in the United

question 45

Multiple Choice

In the last decades of the nineteenth century,incomes in the United States

• A)rose for almost all Americans.
• B)declined for most unskilled workers.
• C)remained the same for most Americans.
• D)increased for white Americans,but decreased for most other ethnic groups.
• E)grew more unequal,while the middle class shrunk.

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Definitions:

Price-Earnings Ratio

A valuation ratio of a company's current share price compared to its per-share earnings, used to evaluate if a stock is over or undervalued.

Market Price

The present rate at which a service or asset is being traded.

Net Income

The final amount of money a company makes after removing all operational costs, taxes, and additional expenses from the overall income.

Return On Common Stockholders' Equity

A financial ratio that measures the profitability of a company from the perspective of common stockholders, calculated by dividing net income available to common shareholders by average common stockholder's equity.