Question 1

The factor accounting for most of the earnings difference between equally educated and experienced men and women is that women

Accepted Answer

A)  receive less pay for equal work. 
B)  are segregated into low-paying occupations. 
C)  receive comparable pay only when they do work of comparable value to the employer. 
D)  are prohibited by law from doing certain kinds of work. 
A)  receive less pay for equal work. 
B)  are segregated into low-paying occupations. 
C)  receive comparable pay only when they do work of comparable value to the employer. 
D)  are prohibited by law from doing certain kinds of work.

Question 2

Economists generally agree that in reducing poverty, policies should be sought that do the

Accepted Answer

A)  greatest good for total production. 
B)  least harm to work incentives. 
C)  most good for the poor. 
D)  least harm to equality of income. 
A)  greatest good for total production. 
B)  least harm to work incentives. 
C)  most good for the poor. 
D)  least harm to equality of income.

Question 3

In a market economy, incomes would be very equal if there was no discrimination.

Accepted Answer

A) True 
 B)False

Question 4

Employers near military bases are aware that wives generally accompany their servicemen husbands when they are transferred.When presented with nonservice-wife applicants and wives of servicemen, they hire the nonservice-wife applicants.This is an example of

Accepted Answer

A)  gender discrimination. 
B)  statistical discrimination. 
C)  economic discrimination. 
D)  prejudicial discrimination. 
A)  gender discrimination. 
B)  statistical discrimination. 
C)  economic discrimination. 
D)  prejudicial discrimination.

Question 5

If one includes in-kind income in the calculation, the

Accepted Answer

A)  official poverty rate becomes meaningless. 
B)  incidence of poverty actually increases. 
C)  poverty rate is unchanged. 
D)  fraction of the population in poverty drops. 
A)  official poverty rate becomes meaningless. 
B)  incidence of poverty actually increases. 
C)  poverty rate is unchanged. 
D)  fraction of the population in poverty drops.

Question 6

Although it was passed in 1996, ANF was not put to the test until the economy slowed in 2000.The food stamp program was eliminated with the passage of TANF.

Accepted Answer

A) True 
 B)False

Question 7

How does the idea of a leaky bucket relate to the study of income distribution?

Accepted Answer

The idea is drawn from the writings of t

Question 8

Discuss the major programs to combat poverty and evaluate them on the basis of work incentives.

Accepted Answer

One program is education, although this

Question 9

Roughly what was the median level of household income in the U.S.in 2009?

Accepted Answer

A)  50,000 
B)  60,000 
C)  70,000 
D)  80,000 
A)  50,000 
B)  60,000 
C)  70,000 
D)  80,000

Question 10

Which of the following observations concerning poverty rates in America is true?

Accepted Answer

A)  Major increase in poverty in the decade from 1963 to 1973. 
B)  It hit an all-time low by 1983. 
C)  The economic boom of the 1990s restored it almost to its 1970s levels. 
D)  It decreased from 2007 to 2009. 
A)  Major increase in poverty in the decade from 1963 to 1973. 
B)  It hit an all-time low by 1983. 
C)  The economic boom of the 1990s restored it almost to its 1970s levels. 
D)  It decreased from 2007 to 2009.

Question 11

What has been the trend in eliminating poverty since 1960?

Accepted Answer

Progress was made through the 1960s, par

Question 12

The simplest economic definition of discrimination is

Accepted Answer

A)  prejudice. 
B)  unequal pay for equal work. 
C)  a dislike by one group of associating with another group. 
D)  unequal pay for unequal work. 
A)  prejudice. 
B)  unequal pay for equal work. 
C)  a dislike by one group of associating with another group. 
D)  unequal pay for unequal work.

Question 13

Assume that a company has several male workers who do not give their full cooperation to female supervisors making them less effective as supervisors.Economists would refer to this type of situation as ____.

Accepted Answer

A)  statistical discrimination 
B)  discrimination by fellow workers 
C)  discrimination by employers 
D)  non-discrimination 
A)  statistical discrimination 
B)  discrimination by fellow workers 
C)  discrimination by employers 
D)  non-discrimination

Question 14

If income redistribution policy is based on the relative concept of poverty, the war on poverty

Accepted Answer

A)  will be won quite soon. 
B)  is, by definition, unwinnable. 
C)  has not helped at all. 
D)  has already been won. 
A)  will be won quite soon. 
B)  is, by definition, unwinnable. 
C)  has not helped at all. 
D)  has already been won.

Question 15

In 2009, the poverty line for a family of four was approximately

Accepted Answer

A)  $10,000. 
B)  $13,000. 
C)  $15,000. 
D)  $22,000. 
A)  $10,000. 
B)  $13,000. 
C)  $15,000. 
D)  $22,000.

Question 16

The welfare program economists believe to be most compatible with economic efficiency is

Accepted Answer

A)  a regressive tax system. 
B)  AFDC. 
C)  a negative income tax. 
D)  Medicare/Medicaid. 
A)  a regressive tax system. 
B)  AFDC. 
C)  a negative income tax. 
D)  Medicare/Medicaid.

Question 17

The poverty line is the income level

Accepted Answer

A)  earned by a worker employed full-time at the minimum wage. 
B)  below which a family is officially considered "poor." 
C)  above which a family is not entitled to government assistance. 
D)  that is the average for American families. 
A)  earned by a worker employed full-time at the minimum wage. 
B)  below which a family is officially considered "poor." 
C)  above which a family is not entitled to government assistance. 
D)  that is the average for American families.

Question 18

Redistribution programs that reduce poverty and income inequality

Accepted Answer

A)  always increase GDP. 
B)  always decrease GDP. 
C)  usually increase GDP. 
D)  usually decrease GDP. 
A)  always increase GDP. 
B)  always decrease GDP. 
C)  usually increase GDP. 
D)  usually decrease GDP.

Question 19

The relative concept of poverty is based on how far a family falls behind the

Accepted Answer

A)  average family income. 
B)  top 20 percent of families. 
C)  minimum in wages. 
D)  any of the above. 
A)  average family income. 
B)  top 20 percent of families. 
C)  minimum in wages. 
D)  any of the above.

Question 20

Official data may overstate the extent of poverty because

Accepted Answer

A)  poverty is a relative as opposed to an absolute concept. 
B)  it does not add "in-kind" transfers to the incomes of the poor. 
C)  it overstates the taxes paid by the poor. 
D)  it overestimates the amount the poor earn in the "underground economy." 
A)  poverty is a relative as opposed to an absolute concept. 
B)  it does not add "in-kind" transfers to the incomes of the poor. 
C)  it overstates the taxes paid by the poor. 
D)  it overestimates the amount the poor earn in the "underground economy."

Exam 21: Poverty, Inequality, and Discrimination

The factor accounting for most of the earnings difference between equally educated and experienced men and women is that women

Economists generally agree that in reducing poverty, policies should be sought that do the

In a market economy, incomes would be very equal if there was no discrimination.

Employers near military bases are aware that wives generally accompany their servicemen husbands when they are transferred.When presented with nonservice-wife applicants and wives of servicemen, they hire the nonservice-wife applicants.This is an example of

If one includes in-kind income in the calculation, the

Although it was passed in 1996, ANF was not put to the test until the economy slowed in 2000.The food stamp program was eliminated with the passage of TANF.

How does the idea of a leaky bucket relate to the study of income distribution?

Discuss the major programs to combat poverty and evaluate them on the basis of work incentives.

Roughly what was the median level of household income in the U.S.in 2009?

Which of the following observations concerning poverty rates in America is true?

What has been the trend in eliminating poverty since 1960?

The simplest economic definition of discrimination is

Assume that a company has several male workers who do not give their full cooperation to female supervisors making them less effective as supervisors.Economists would refer to this type of situation as ____.

If income redistribution policy is based on the relative concept of poverty, the war on poverty

In 2009, the poverty line for a family of four was approximately

The welfare program economists believe to be most compatible with economic efficiency is

The poverty line is the income level

Redistribution programs that reduce poverty and income inequality

The relative concept of poverty is based on how far a family falls behind the

Official data may overstate the extent of poverty because

What Is Economics?

The Economy: Myth and Reality

The Fundamental Economic Problem: Scarcity and Choice

Supply and Demand: An Initial Look

Consumer Choice: Individual and Market Demand

Demand and Elasticity

Production, Inputs, and Cost: Building Blocks for Supply Analysis

Output, Price, and Profit: The Importance of Marginal Analysis

Securities: Business Finance, and the Economy: The Tail that Wags the Dog?

The Firm and the Industry under Perfect Competition

Monopoly

Between Competition and Monopoly

Limiting Market Power: Regulation and Antitrust

The Case for Free Markets I: The Price System

The Shortcomings of Free Markets

The Market's Prime Achievement: Innovation and Growth

Externalities, the Environment, and Natural Resources

Taxation and Resource Allocation

Pricing the Factors of Production

Labor and Entrepreneurship: The Human Inputs

An Introduction to Macroeconomics

The Goals of Macroeconomic Policy

Economic Growth: Theory and Policy

Aggregate Demand and the Powerful Consumer

Demand-Side Equilibrium: Unemployment or Inflation?

Bringing in the Supply Side: Unemployment and Inflation?

Managing Aggregate Demand: Fiscal Policy

Money and the Banking System

Monetary Policy: Conventional and Unconventional

The Financial Crisis and the Great Recession

The Debate over Monetary and Fiscal Policy

Budget Deficits in the Short and Long Run

The Trade-Off between Inflation and Unemployment

International Trade and Comparative Advantage

The International Monetary System: Order or Disorder?

Exchange Rates and the Macroeconomy

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