Exam 20: Poverty, Inequality, and Discrimination

Competition reduces some but not all discrimination.Where can one expect competition to reduce discrimination, and where is discrimination likely to go on even if there is competition?

Affirmative action laws require employers to search for qualified minority applicants but not to necessarily give them jobs.

Figure 21-1 -In Figure 21-1, a reform in the distribution system that achieves the same distribution with less damage to work incentives is represented by a move from which points?

Large income differences will be eradicated if the market mechanism is working well.

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

Many economists believe that

The difference between the earnings of construction workers who work on bridges and skyscrapers and those who work on highways is probably due to

Figure 21-1 -In Figure 21-1, if the existing antipoverty program were replaced by a negative income tax, most economists believe that it would result in a move like which of the following?

Compensating wage differentials explain some income differences.

Is wage discrimination more likely in competitive or monopolistic markets?

Which of the following countries has the most equal income distribution?

Table 21-1 ​ -The distribution of income in the United States

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

Define discrimination.Why does discrimination occur, and what evidence exists that it does occur?

In 2017, the U.S.median income for a family of four was about $61,000.

The relative concept of poverty is based on how far behind average income a particular family gets.

Which of the following is not part of a negative income tax?

The U.S.income tax system is progressive.

Poverty is defined in two ways: the absolute concept of poverty and the relative concept of poverty.

Compensation wage differentials are