22 Jun Question Question:1 During the _________, real
Question
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
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