Exam 18: Economic Inequality

The Gini ratio in Brazil was over 0.6 in 1990 and fell to 0.5 in 2010.This change means that between 1990 and 2010,income inequality ________ and the Lorenz curve moved ________ the 45-degree line.

Use the figure below to answer the following questions. Figure 18.1.2 -Refer to Figure 18.1.2.What is curve A called?

A progressive income tax

Income maintenance programs include all of the following programs except

Comparing the distribution of income after taxes and benefits to the distribution of market income,the distribution of income after taxes and benefits is ________ the distribution of market income.

Use the figure below to answer the following questions. Figure 18.3.2 -Refer to Figure 18.3.2.At an employment level of 20 hours per week,firms are willing to pay

The demand for high-skilled labour is derived from the

A regressive income tax

The wealthiest 10 percent of Canadian families own approximately

Use the figure below to answer the following questions. Figure 18.3.2 -Refer to Figure 18.3.2.At a wage rate of $15,an employer would hire

Technological change ________ the demand for high-skilled workers and ________ the demand for low-skilled workers.As a result,income inequality ________.

In 2015,the middle 20 percent of households received what percentage of total Canadian after-tax income?

Use the figure below to answer the following questions. Figure 18.3.2 -Refer to Figure 18.3.2.At an employment level of 40 hours per week,the difference in the value of marginal product of high-skilled workers and low-skilled workers is

Which of the following three statements is true? Human capital

In 2015,the mode income received by 10.8 percent of households in Canada was between

Use the figure below to answer the following questions. Figure 18.1.2 -Which point in Figure 18.1.2 indicates that the richest 20 percent of families earn 40 percent of the income?

Which one of the following reduces the inequality of income or wealth relative to the market distribution?

Information technologies are ________ for low-skilled labour and ________ for high-skilled labour.

Use the figure below to answer the following questions. Figure 18.3.1 -Refer to Figure 18.3.1.The vertical distance between the demand curves of the high-skilled and low-skilled workers is

Market income equals the wages,