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Question: 1 During the _________, real incomes nearly doubled in every income category.

Question:1 During the _________, real incomes nearly doubled in every income category.


Multiple Choice

  • 1920s
  • post-World War II period
  • 1970s
  • 1990s
  • globalization period

2 Between the 1950s and 1970s, what prevented widening income inequality?


Multiple Choice

  • The decline in union membership
  • The creation of supply-side economic policies
  • A reduction in the capital gains tax
  • A high marginal tax rate on upper incomes
  • The rise of global competition to U.S. businesses

3 Supply-side economic theory is based on the assumption that


Multiple Choice

  • a high marginal tax rate on upper incomes is necessary.
  • government investment in social welfare policies reduces poverty.
  • tax cuts for businesses and high-income earners stimulates economic growth.
  • government should promote unions in order to reduce income inequality.
  • lowering the minimum wage reduces wage stagnation.

4 What advantage do middle- and lower-income Americans have in the political system?


Multiple Choice

  • Corporate influence with Congress
  • Both political parties are dedicated to representing their economic needs
  • They provide most of the campaign contributions to members of Congress
  • Most lobbyists represent lower- and middle-income groups
  • Voting power

Top Answer

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1 comment
  • 2 is wrong
    • mahu66
    • Apr 05, 2018 at 8:29am

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