Exam 20: Income Inequality and Poverty

Critics argue that a disadvantage of minimum-wage laws is that they do not effectively target the working poor because many minimum-wage workers are the teenage children of middle-income families.

Figure 20-3 -Refer to Figure 20-3. In 1968, the percent of elderly aged 65 and over in poverty is

In-kind transfers are politically popular because

Libertarians believe that in considering economic fairness, one should primarily consider the

The founders of utilitarianism include

Which of the following is not correct?

Scenario 20-8 Suppose the government implemented a negative income tax and used the following formula to compute a family's tax liability: Taxes owed = (1/4 of income) - $14,000 ​ ​ -Refer to Scenario 20-8. The government does not have to pay a subsidy to any family through this negative income tax if the family with the lowest income earns $50,000.

Suppose a society consists of only two people, John and Jane. A utilitarian would say that the proper role of government in this society is to

Figure 20-5 -Refer to Figure 20-5. An effective minimum wage would be set at a level

Supplemental Security Income (SSI) is a type of

Which of the following statements is correct?

The poverty rate for female households with no spouse present is approximately

The poverty rate is

Table 20-13 The following table shows the distribution of income in Widgetapolis. ​ -Refer to Table 20-13. If the poverty rate is 19%, where is the poverty line in Widgetapolis?

Figure 20-3 -Refer to Figure 20-3. In 1968, the percent of children under age 18 in poverty is

The poverty rate is the percentage of the population whose family income falls below an absolute level called the .

Table 20-9 Income Inequality in the United States The values in the table reflect the percentages of pre-tax-and transfer income. Source: US Census Bureau -Refer to Table 20-9. In 2010, the top fifth of the US population had

When designing public policies, which income group would philosopher John Rawls argue needs the most attention?

Table 20-5 Distribution of Income in Umakastan -Refer to Table 20-5. Where would the government of Umakastan have to set the poverty line to have a poverty rate of about 28%?

A goal of libertarians is to provide citizens with equal opportunities rather than to ensure equal outcomes.