In the United States from 1980 to the Present,the Share

question 26

Multiple Choice

In the United States from 1980 to the present,the share of income accruing to the bottom income quintile _____ and the share accruing to the top income quintile _____.

• A) fell; fell
• B) fell; grew
• C) grew; grew
• D) grew; fell

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Definitions:

Status Quo Bias

A cognitive bias that causes people to prefer things to stay the same by doing nothing or by sticking with a decision made previously.

Decision-Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving elements of judgment and reasoning.

Temporal Discounting

The tendency to value immediate rewards more highly than future rewards, leading to a preference for sooner over later outcomes.

Avoidance

A psychological mechanism or behavior aimed at steering clear from a specific stimulus or situation due to its perceived negative consequences.