Use the Following to Answer Question(s): Income Distribution in the United

question 8

Multiple Choice

Use the following to answer question(s) : Income Distribution in the United States

-(Exhibit: Income Distribution in the United States) From 1968 to 2010, the distribution of income in the United States became:

• A) more equal.
• B) more unequal.
• C) unmeasurable.
• D) closer to the 45-degree line.

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Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law among the states.

Warranty Rights

Legal entitlements or protections afforded to consumers, guaranteeing that a product will meet certain standards of performance and quality.

Privity

The direct relationship between parties to a contract, which determines who can sue whom to enforce rights or obligations under the contract.

Title Warranties

Legal guarantees provided by a seller that they have the right to transfer ownership and that the asset is free from liens or encumbrances.