Question 1

A Lorenz curve is a graph that shows

Accepted Answer

A) the equity versus efficiency trade-off. 
B) how many households are living in poverty. 
C) the trade-off between inflation and unemployment. 
D) the distribution of household income. 
A) the equity versus efficiency trade-off. 
B) how many households are living in poverty. 
C) the trade-off between inflation and unemployment. 
D) the distribution of household income.

Question 2

The poverty rate in the U.S.increased significantly in the period 2006-2014.

Accepted Answer

A) True 
 B)False

Question 3

Discrimination creates a

Accepted Answer

A) redistribution of a larger domestic output. 
B) larger domestic output but no redistribution. 
C) smaller domestic output but no redistribution. 
D) redistribution of a smaller domestic output. 
A) redistribution of a larger domestic output. 
B) larger domestic output but no redistribution. 
C) smaller domestic output but no redistribution. 
D) redistribution of a smaller domestic output.

Question 4

Which one of the following would increase income inequality as measured by official census data and the quintile distribution?

Accepted Answer

A) a doubling of Social Security retirement benefits 
B) elimination of the SNAP program 
C) elimination of the TANF program 
D) reduced divorce rates 
A) a doubling of Social Security retirement benefits 
B) elimination of the SNAP program 
C) elimination of the TANF program 
D) reduced divorce rates

Question 5

(Last Word) In 2010, the wealthiest 1 percent of U.S.households held about percent of U.S.household wealth.

Accepted Answer

A) 35 
B) 77 
C) 23 
D) 32 
A) 35 
B) 77 
C) 23 
D) 32

Exam 23: Income Inequality, Poverty, and Discrimination

A Lorenz curve is a graph that shows

The poverty rate in the U.S.increased significantly in the period 2006-2014.

Discrimination creates a

Which one of the following would increase income inequality as measured by official census data and the quintile distribution?

(Last Word) In 2010, the wealthiest 1 percent of U.S.households held about percent of U.S.household wealth.

Limits, Alternatives, and Choices

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures: Public Goods and Externalities

Governments Role and Government Failure

Elasticity

Utility Maximization

Behavioral Economics

Businesses and the Costs of Production

Pure Competition in the Short Run

Pure Competition in the Long Run

Pure Monopoly

Monopolistic Competition

Oligopoly and Strategic Behavior

Technology, Rd, and Efficiency

The Demand for Resources

Wage Determination

Rent, Interest, and Profit

Natural Resource and Energy Economics

Public Finance: Expenditures and Taxes

Antitrust Policy and Regulation

Agriculture: Economics and Policy

Health Care

Immigration

An Introduction to Macroeconomics

Measuring Domestic Output and National Income

Economic Growth

Business Cycles, Unemployment, and Inflation

Basic Macroeconomic Relationships

The Aggregate Expenditures Model

Aggregate Demand and Aggregate Supply

Fiscal Policy, Deficits, and Debt

Money, Banking, and Financial Institutions

Money Creation

Interest Rates and Monetary Policy

Financial Economics

Extending the Analysis of Aggregate Supply

Current Issues in Macro Theory and Policy

International Trade

The Balance of Payments, Exchange Rates, and Trade Deficits

The Economics of Developing Countries

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