Question 1

Affirmative action programs are intended to combat

Accepted Answer

A)  poverty. 
B)  economic inequality. 
C)  discriminatory practices by employers. 
D)  "comparable worth" systems of compensation. 
A)  poverty. 
B)  economic inequality. 
C)  discriminatory practices by employers. 
D)  "comparable worth" systems of compensation.

Question 2

In the United States, the distribution of income after the income tax is ____ the distribution of income before the income tax.

Accepted Answer

A)  slightly less equal than 
B)  about as equal as 
C)  slightly more equal than 
D)  a great deal more equal than 
A)  slightly less equal than 
B)  about as equal as 
C)  slightly more equal than 
D)  a great deal more equal than

Question 3

The extent of discrimination is

Accepted Answer

A)  measured by the differences in incomes. 
B)  the reason for two-thirds of the income differential between black male workers and white male workers. 
C)  difficult to quantify and controversial. 
D)  easily measured for each category of workers. 
A)  measured by the differences in incomes. 
B)  the reason for two-thirds of the income differential between black male workers and white male workers. 
C)  difficult to quantify and controversial. 
D)  easily measured for each category of workers.

Question 4

Briefly and concisely define the following terms:
a.statistical discrimination
b.compensating wage differential
c.affirmative action

Accepted Answer

a.Statistical discrimination is said to

Question 5

Affirmative action programs,

Accepted Answer

A)  according to critics, are clearly quota systems that lead to reverse discrimination. 
B)  according to supporters, make efforts to find qualified minorities and women and hire them. 
C)  according to critics, clearly lead to the hiring of unqualified people and thus reduce efficiency. 
D)  All of the above are true. 
A)  according to critics, are clearly quota systems that lead to reverse discrimination. 
B)  according to supporters, make efforts to find qualified minorities and women and hire them. 
C)  according to critics, clearly lead to the hiring of unqualified people and thus reduce efficiency. 
D)  All of the above are true.

Question 6

The official dividing line between the poor and nonpoor is called the

Accepted Answer

A)  life threshold. 
B)  life edge. 
C)  poverty line. 
D)  beginning line. 
A)  life threshold. 
B)  life edge. 
C)  poverty line. 
D)  beginning line.

Question 7

Economic discrimination occurs when equivalent factors of production receive different payments for equal contributions to output.

Accepted Answer

A) True 
 B)False

Exam 21: Poverty, Inequality, and Discrimination

Affirmative action programs are intended to combat

In the United States, the distribution of income after the income tax is ____ the distribution of income before the income tax.

The extent of discrimination is

Briefly and concisely define the following terms: a.statistical discrimination b.compensating wage differential c.affirmative action

Affirmative action programs,

The official dividing line between the poor and nonpoor is called the

Economic discrimination occurs when equivalent factors of production receive different payments for equal contributions to output.

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

Filters