Recall Application 4, "Trade, Consumption and Inequality," to answer the following questions:
-According to the application, living standards have not become more unequal because:
A) the prices of goods and services that low income groups have paid have risen slower than the prices of goods and services that high income groups have paid.
B) the prices of goods and services that low income groups have paid have been dropping while the prices of goods and services that high income groups have not.
C) the prices of goods and services that low income groups have paid have risen faster than the prices of goods and services that high income groups have paid.
D) the prices of goods and services that low income groups have paid have risen while the prices of goods and services that high income groups have not.
Correct Answer:
Verified
Q13: Which of the following benefits from a
Q14: Which of the following trade policies raises