Exam 18: The Economics of the Welfare

A popular explanation for the most important cause of the increase in income inequality in recent years is:

In the United States, individuals pay directly (out of pocket) _____ of medical costs.

In 2014 the poverty threshold for a household with one person was about:

Since about 1950, the share of income going to the richest 10% of Americans has steadily increased. What explains this trend?

The welfare state can:

The provision of specific goods and services (rather than cash) to needy people by way of welfare programs is:

The period during the 1930s and 1940s when income inequality fell sharply is called the:

People may be uninsured for all of the following reasons EXCEPT that:

The _____ is widely used to measure income inequality.

In 2012, health care expenditures in the United States were approximately _____ per person.

In 2012 _____ of the U.S. population was living in poverty.

Children in low-income families that can't afford insurance but are above the poverty threshold are covered by:

Which of the following is NOT a leading cause of poverty in the United States?

The age group in the United States which has undergone the largest reduction in the poverty rate because of government programs was:

Redistribution programs are means-tested. To qualify for such a program, a person must demonstrate that:

In the United States since World War II, the distribution of income has:

Which program was introduced in 1990 to replace the means-tested program Aid to Families with Dependent Children?

A definition of poverty that compares the individual's level of income with that of other individuals in the country:

Poverty can be defined either in absolute terms or in relative terms.

Poverty tends to be more prevalent for those over age 65 than for those under age 18.