Which of these statements is/are TRUE?
I. In the United States, the households in the highest quintile of the income distribution tend to live inside a large city and have two or more earners in the household.
II. In the United States, the households in the lowest quintile of the income distribution tend to live inside a large city and have no earners in the household.
III. Differences in spending habits are a major factor in explaining income inequality.
A) I only
B) II only
C) III only
D) I and II only
Correct Answer:
Verified
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