Which of the following statements accurately reflects research findings on the distribution of colonial wealth?
a. The poorest 20 percent of colonist controlled nearly 20 percent of colonial wealth.
b. Distributional inequality tended to be greater in rural areas than in cities, particularly in New England.
c. Colonial wealth was distributed more unequally in the Middle colonies than in the South or New England.
d. The opportunity for income mobility was probably greater in the colonies than in England.
Question 2
By the late 1800s, soft coal miners earned a higher hourly wage than other industrial workers of similar skill levels. The mining wage is an example of
a. wage discrimination.
b. a monopsony market.
c. a compensating wage differential.
d. an efficiency wage.
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