Exam 18: Inequality, Poverty, and Discrimination

If there is considerable _______ among the quintiles of the distribution of income in a country, then there would be many families moving from _______ and others moving from _______ quintiles.

The _______ a Lorenz curve lies to (from) the 45-degree line, the _______ the distribution of income.

Compare and contrast the issues involved in making choices between the uses of an absolute income test versus a relative income test for defining poverty.

According to the text, it is generally agreed that in the United States in the first two decades following World War II:

If you establish that a family is on the low end of the income scale and is thus considered poor, you have come up with a (n):

People with more education tend to experience lower poverty rates.

When economists speak of the lowest 20 percent or the middle 20 percent of the families receiving a certain percentage of income, they are speaking of:

Discrimination in an economy results in the economy operating inside its production possibilities curve.

Which of the following statements is true regarding welfare reform in 1996?

Much of the decrease in wage differentials between women and blacks vÌs a vÌs white males is due to the acquisition of human capital by women and blacks.

The text concludes that poor people, from their own perspective, would be better off with _______ than with _______ .

The poverty rate for blacks in the United States in 2015 was about _______ percent.

The poverty line is the same regardless of the number of members in a household.

A factor that has been associated with the increase in income inequality in the United States is the:

Which of the following statements is true?

Use the following to answer questions. Exhibit: Income Distribution -(Exhibit: Income Distribution) Curve _______ indicates that the lowest ________ percent of families would receive _______ of the income.

Use the following to answer questions. Exhibit: Discrimination -(Exhibit: Discrimination) If blacks and whites have the same supply curve S, while blacks have demand curve D and whites have demand curve D', the wage rate for blacks will be given by:

Which of the following statements is true?

If blacks are discriminated against in the labor market relative to whites, then the wage paid to blacks will be _______ whites and the number of blacks employed will be ______ whites, all other things equal.

Discuss in some detail the factors that have contributed to the growing inequality in incomes in the United States in the past two decades.