Question 1

The poverty rate of the elderly in the United States has

Accepted Answer

A) been constant since 1959 
B) risen since 1959 because people are living longer 
C) fallen since 1959 because of the growth in Social Security and Medicare programs 
D) fallen since 1959 because of the growth in private retirement plans 
E) fallen since 1959, mainly because of inflation 
A) been constant since 1959 
B) risen since 1959 because people are living longer 
C) fallen since 1959 because of the growth in Social Security and Medicare programs 
D) fallen since 1959 because of the growth in private retirement plans 
E) fallen since 1959, mainly because of inflation

Question 2

The qualifying income level for Medicaid

Accepted Answer

A) is $10, 000 
B) is $14, 000 
C) is set separately by each state 
D) is set yearly by the Bureau of the Census 
E) varies inversely with the number of children in the family 
A) is $10, 000 
B) is $14, 000 
C) is set separately by each state 
D) is set yearly by the Bureau of the Census 
E) varies inversely with the number of children in the family

Question 3

Which of the following is a social insurance program?

Accepted Answer

A) Medicaid 
B) food stamps 
C) unemployment compensation 
D) Temporary Assistance for Needy Families 
E) general assistance 
A) Medicaid 
B) food stamps 
C) unemployment compensation 
D) Temporary Assistance for Needy Families 
E) general assistance

Question 4

Food stamps and Medicaid are in-kind transfer programs.

Accepted Answer

A) True 
 B)False

Question 5

Of the following, which group has the fastest-growing population in the United States?

Accepted Answer

A) female heads of households 
B) male heads of households 
C) white heads of households 
D) black heads of households 
E) single people 
A) female heads of households 
B) male heads of households 
C) white heads of households 
D) black heads of households 
E) single people

Question 6

When an economy experiences strong economic growth,

Accepted Answer

A) the number of families in the bottom 10 percent of the income distribution decreases 
B) the income of families in the bottom of the income distribution increases 
C) only the top of the income distribution is affected 
D) the accompanying inflation cancels out any change in income distribution 
E) the rich are no better off because taxes rise with income 
A) the number of families in the bottom 10 percent of the income distribution decreases 
B) the income of families in the bottom of the income distribution increases 
C) only the top of the income distribution is affected 
D) the accompanying inflation cancels out any change in income distribution 
E) the rich are no better off because taxes rise with income

Question 7

Which of the following countries has more even income distribution than the United States?

Accepted Answer

A) Canada 
B) Brazil 
C) Chile 
D) Nigeria 
E) Philippines 
A) Canada 
B) Brazil 
C) Chile 
D) Nigeria 
E) Philippines

Question 8

The distribution of income

Accepted Answer

A) is about the same in most countries 
B) tends to be more equal in developing countries than in developed countries 
C) is more concentrated in the United States than in Canada or Japan 
D) is more even in developing countries than in the Russia 
E) is not related to a country's level of development 
A) is about the same in most countries 
B) tends to be more equal in developing countries than in developed countries 
C) is more concentrated in the United States than in Canada or Japan 
D) is more even in developing countries than in the Russia 
E) is not related to a country's level of development

Question 9

Firms that are required to participate in affirmative action programs do end up hiring more minority employees.

Accepted Answer

A) True 
 B)False

Question 10

Welfare benefits

Accepted Answer

A) may do of all of the following 
B) may discourage poor people from taking jobs 
C) may cause job skills to deteriorate 
D) take the form of cash or in-kind transfers 
E) allow increased consumption by many poor children 
A) may do of all of the following 
B) may discourage poor people from taking jobs 
C) may cause job skills to deteriorate 
D) take the form of cash or in-kind transfers 
E) allow increased consumption by many poor children

The poverty rate of the elderly in the United States has

The qualifying income level for Medicaid

Which of the following is a social insurance program?

Food stamps and Medicaid are in-kind transfer programs.

Of the following, which group has the fastest-growing population in the United States?

When an economy experiences strong economic growth,

Which of the following countries has more even income distribution than the United States?

The distribution of income

Firms that are required to participate in affirmative action programs do end up hiring more minority employees.

Welfare benefits

The Art and Science of Economic Analysis

Appendix--Understanding Graphs

Economic Tools and Economics Systems

Economic Decision Makers

Demand, Supply, and Markets

Elasticity of Demand and Supply

Appendix--Price Elasticity and Tax Incidence

Consumer Choice and Demand

Appendix--Indifference Curves and Utility Maximization

Production and Cost in the Firm

A--Perfect Competition

B--Perfect Competition

A--Monopoly

B--Monopoly

Monopolistic Competition and Oligopoly

Resource Markets

Labor Markets and Labor Unions

Capital, Interest, and Corporate Finance

Transaction Costs, Imperfect Information, and Behavioral Economics

Economic Regulation and Antitrust Policy

Public Goods and Public Choice

Externalities and the Environment

International Trade

International Finance

Economic Development

Filters

Exam 18: Income Distribution and Poverty

The poverty rate of the elderly in the United States has

The qualifying income level for Medicaid

Which of the following is a social insurance program?

Food stamps and Medicaid are in-kind transfer programs.

Of the following, which group has the fastest-growing population in the United States?

When an economy experiences strong economic growth,

Which of the following countries has more even income distribution than the United States?

The distribution of income

Firms that are required to participate in affirmative action programs do end up hiring more minority employees.

Welfare benefits

The Art and Science of Economic Analysis

Appendix--Understanding Graphs

Economic Tools and Economics Systems

Economic Decision Makers

Demand, Supply, and Markets

Elasticity of Demand and Supply

Appendix--Price Elasticity and Tax Incidence

Consumer Choice and Demand

Appendix--Indifference Curves and Utility Maximization

Production and Cost in the Firm

A--Perfect Competition

B--Perfect Competition

A--Monopoly

B--Monopoly

Monopolistic Competition and Oligopoly

Resource Markets

Labor Markets and Labor Unions

Capital, Interest, and Corporate Finance

Transaction Costs, Imperfect Information, and Behavioral Economics

Economic Regulation and Antitrust Policy

Public Goods and Public Choice

Externalities and the Environment

International Trade

International Finance

Economic Development

Filters