Which of the following statements is true of the societal changes in post-1975 America?
A. High-wage jobs were available in manufacturing in the auto and steel industries.
B. Chances for upward mobility via educational channels were high due to decrease in race- and class-based segregation of primary and secondary schools.
C. The class structure was gradually reshaped into one with extensive income and wealth inequality.
D. Tuition costs were reduced for young men and women from low- and middle-income households who sought to pursue higher education.
Question 2
Which of the following statements is true of hedge funds during the financial crisis?
A. The involvement of hedge funds in derivatives came under heavy scrutiny of federal regulators.
B. Hedge funds refused to provide financial contribution to political party committees.
C. Congress-enacted tax guidelines classified hedge fund managers' income as ordinary income and not as capital gains.
D. Congress and the regulatory agencies ignored the role of hedge funds in providing special opportunities for investments to wealthy investors.
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