Question 1

Lyndon Johnson's "War on Poverty" started in the 1980s.

Accepted Answer

A) True 
 B)False

Question 2

Falling below a minimum standard of living illustrates the concept of absolute poverty.

Accepted Answer

A) True 
 B)False

Question 3

One of the more powerful forces leading to an end in economic discrimination is

Accepted Answer

A) pure competition. 
B) pure monopoly. 
C) government regulation. 
D) oligopolistic rivalry. 
A) pure competition. 
B) pure monopoly. 
C) government regulation. 
D) oligopolistic rivalry.

Question 4

A man may be preferred to a woman by an employer who will make a substantial investment in the training of the employee because

Accepted Answer

A) most employers are sexist and think that women belong in the home caring for children. 
B) as a group women tend to have a weaker attachment to the labor force than men. 
C) employers have observed that women are less productive than men on most jobs. 
D) employers are afraid women will disrupt the workplace by distracting the male employees. 
A) most employers are sexist and think that women belong in the home caring for children. 
B) as a group women tend to have a weaker attachment to the labor force than men. 
C) employers have observed that women are less productive than men on most jobs. 
D) employers are afraid women will disrupt the workplace by distracting the male employees.

Question 5

If income is distributed equally in a society, the poorest fifth of the population receives

Accepted Answer

A) 5 percent of the total income. 
B) one-fifth as much as the richest fifth of the population. 
C) 20 percent of society's total income. 
D) 50 percent of society's total income. 
A) 5 percent of the total income. 
B) one-fifth as much as the richest fifth of the population. 
C) 20 percent of society's total income. 
D) 50 percent of society's total income.

Question 6

In 2017, the poverty line for a family of four was approximately

Accepted Answer

A) $15,000 
B) $25,000. 
C) $35,000. 
D) $35,000 
A) $15,000 
B) $25,000. 
C) $35,000. 
D) $35,000

Question 7

Economists might be willing to accept a policy that adversely affected distribution of income if it

Accepted Answer

A) lessened income disparities. 
B) diminished labor productivity by a large amount. 
C) increased productivity by a large amount. 
D) were favorable to the rich. 
A) lessened income disparities. 
B) diminished labor productivity by a large amount. 
C) increased productivity by a large amount. 
D) were favorable to the rich.

Exam 20: Poverty, Inequality, and Discrimination

Lyndon Johnson's "War on Poverty" started in the 1980s.

Falling below a minimum standard of living illustrates the concept of absolute poverty.

One of the more powerful forces leading to an end in economic discrimination is

A man may be preferred to a woman by an employer who will make a substantial investment in the training of the employee because

If income is distributed equally in a society, the poorest fifth of the population receives

In 2017, the poverty line for a family of four was approximately

Economists might be willing to accept a policy that adversely affected distribution of income if it

What Is Economics

The Economony: 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

The Financial Markets and the Economy: the Tail That Wags the Dog

The Firm and the Industry Under Perfect Competition

The Case for Free Markets: the Price System

Monopoly

Between Competition and Monopoly

Limiting Market Power: Antitrust and Regulation

The Shortcomings of Free Markets

The Economics of 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

Contemporary Issues in the Useconomy

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