A longitudinal view of income differences
A) considers incomes across different groups by tracking them over time
B) considers incomes across different groups by creating a base year for comparison
C) considers income across different groups at a given point in time
D) averages all incomes into a single measure of differences
Answer: A) considers incomes across different groups by tracking them over time
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Which of the following statements concerning seasonal credit is true?
A) It tends to have a lower interest rate than federal funds. B) It has become increasingly more important in recent years. C) Only firms receiving secondary credit are eligible to receive seasonal credit. D) Improvements in credit markets have reduced the need for a seasonal credit facility.