Which of the Following Was NOT Mentioned in the Textbook

question 1

Multiple Choice

Which of the following was NOT mentioned in the textbook as a possible factor in increasing income inequality in the United States since 1968?

• A) increases in immigration
• B) growth in international trade
• C) technological change
• D) a reduction in the number of people attending college

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Definitions:

Benevolent

Showing kindness or goodwill, often characterized by acts of generosity or concern for others.

Monopoly Firm

A business that is the sole provider of a good or service in a market, facing no competition, which can lead to higher prices and inefficiencies.

Barrier to Entry

Factors or conditions that prevent new competitors from easily entering an industry or area of business.

Red Beryl

A rare mineral that is red in color and is composed of beryllium, aluminum, and silicate.