The growth in income inequality in the United States since the early 1980s has been driven primarily by the dramatic:
A. increase in real incomes for the top 20 percent of earners.
B. increase in real incomes for the top 10 percent of earners.
C. decrease in real incomes for the bottom 20 percent of earners.
D. increase in real incomes for the top 1 percent of earners.
Answer: D
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A free rider is a person who:
a. is harmed by another's actions. b. is subject to a negative externality. c. receives benefits from someone else's action but does not pay for them. d. pays less than the full value for a product. e. won the state lottery.
The Bretton Woods system required countries to actively buy and sell dollars to maintain fixed exchange rates when:
a. a country experienced a severe bout of inflation. b. the free market equilibrium exchange rate differed from the fixed rate. c. a country experienced serious unemployment. d. the threat of recession began to spread from one country to another. e. worldwide trade began to deteriorate.