The U.S. claim to be "the land of opportunity" is not backed by recent data because a study by Miles Corak shows that:
A) it has very high capital gains tax rates.
B) it does not have a high value of intergenerational income elasticity.
C) there is a weak relationship between parental and child income in the U.S.
D) it has a very high level of income mobility.
Correct Answer:
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