A Cartoon in the Text Says That While the Economy

question 58

Multiple Choice

A cartoon in the text says that while the economy has been expanding,the share of income to blacks and poor whites has decreased.This implies that the

• A)Area between the Lorenz curve and the absolute equality line has increased.
• B)Level of income inequality has decreased.
• C)Gini coefficient is smaller.
• D)Tax elasticity of supply is greater.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that becomes conditioned after being associated with an unconditioned stimulus in classical conditioning.

Advertisers

Individuals or companies that promote products, services, or ideas through various forms of media to influence consumer behavior.

Attractive Models

Individuals who are considered physically appealing and are often used in advertising and media to influence audience perceptions and behaviors.

Conditioned Stimulus

An initially neutral stimulus that, through association with an unconditioned stimulus, comes to elicit a conditioned response over time.