The Figure Given Below Represents an Imperfectly Competitive Resource Market

question 22

Multiple Choice

The figure given below represents an imperfectly competitive resource market. Here common land (and not land used for specific purpose) is under consideration.Figure 18.1

-Empirical observations validate that the Gini co-efficient for the U.S. economy was between 0.35 and 0.37 until the 1990s, after which it has increased and reached 0.469 in 2009. Which of the following can be inferred from this?

• A)The distribution of national income in the U.S. has become slightly more equal since the 1990s.
• B)The government spending on poverty alleviation has increased since 1990.
• C)More jobs have been created in the U.S. since 1990.
• D)The distribution of national income in the U.S. has become slightly more unequal since the 1990s.
• E)The government has replaced the existing regressive tax structure with a progressive tax structure.

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Definitions:

Primary Teeth

The first set of teeth in the development of humans and other mammals, also known as baby or milk teeth, which are eventually replaced by permanent teeth.

Lingual Frenulum

A small fold of mucous membrane that attaches the middle of the under surface of the tongue to the floor of the mouth, aiding in tongue movement.

Tongue

A muscular organ in the mouth that aids in chewing, swallowing, and taste sensation.

Salivary Glands

Glands located in the mouth that produce saliva, aiding in digestion and maintaining oral health.