Question 1

The crowding model of occupational discrimination suggests that occupational segregation results in

Accepted Answer

A) a lower domestic output than would otherwise be the case. 
B) higher levels of total employment than would otherwise be the case. 
C) higher interest rates in the private sector than would otherwise be the case. 
D) a higher rate of inflation than would otherwise be the case. 
A) a lower domestic output than would otherwise be the case. 
B) higher levels of total employment than would otherwise be the case. 
C) higher interest rates in the private sector than would otherwise be the case. 
D) a higher rate of inflation than would otherwise be the case.

Question 2

The crowding of women, African Americans, and certain ethnic groups into less-desirable, lower-paying occupations is

Accepted Answer

A) employment discrimination. 
B) human capital discrimination. 
C) statistical discrimination. 
D) occupational segregation. 
A) employment discrimination. 
B) human capital discrimination. 
C) statistical discrimination. 
D) occupational segregation.

Question 3

Which of the following would be considered part of wealth?

Accepted Answer

A) wages and salaries 
B) rental payments 
C) profits from a corporation 
D) corporate stock holdings 
A) wages and salaries 
B) rental payments 
C) profits from a corporation 
D) corporate stock holdings

Question 4

The debate over income distribution focuses on the trade-off between

Accepted Answer

A) unemployment and economic freedom. 
B) equality and economic freedom. 
C) economic efficiency and equality. 
D) unemployment and economic growth. 
A) unemployment and economic freedom. 
B) equality and economic freedom. 
C) economic efficiency and equality. 
D) unemployment and economic growth.

Question 5

An example of a social insurance program is ____________, whereas an example of a public assistance program is _______.

Accepted Answer

A) Temporary Assistance for Needy Families; unemployment compensation 
B) Supplemental Security Income; unemployment compensation 
C) Social Security; Supplemental Nutrition Assistance Program 
D) Medicaid; Medicare 
A) Temporary Assistance for Needy Families; unemployment compensation 
B) Supplemental Security Income; unemployment compensation 
C) Social Security; Supplemental Nutrition Assistance Program 
D) Medicaid; Medicare

Question 6

The earned-income tax credit (EITC)is, in essence,

Accepted Answer

A) a tax credit for corporate contributions to charity. 
B) a tax break for businesses that invest in community programs. 
C) an income payment to those individuals who are not able to work. 
D) a wage subsidy for low-income workers to offset Social Security taxes. 
A) a tax credit for corporate contributions to charity. 
B) a tax break for businesses that invest in community programs. 
C) an income payment to those individuals who are not able to work. 
D) a wage subsidy for low-income workers to offset Social Security taxes.

Question 7

The necessity to maintain incentives to work and incentives to produce output would be a point made by an individual making the case for

Accepted Answer

A) income equality. 
B) income inequality. 
C) maximizing total utility. 
D) maximizing marginal utility. 
A) income equality. 
B) income inequality. 
C) maximizing total utility. 
D) maximizing marginal utility.

Question 8

The TANF program

Accepted Answer

A) is a form of social insurance. 
B) has been found to be unconstitutional by the Supreme Court. 
C) limits total lifetime welfare benefits to 5 years and requires able-bodied adults to work after receiving benefits for 2 years. 
D) perpetuates the so-called culture of poverty. 
A) is a form of social insurance. 
B) has been found to be unconstitutional by the Supreme Court. 
C) limits total lifetime welfare benefits to 5 years and requires able-bodied adults to work after receiving benefits for 2 years. 
D) perpetuates the so-called culture of poverty.

Question 9

When taxes and transfer payments are taken into account, the distribution of income in the United States

Accepted Answer

A) is unchanged. 
B) is less equally distributed. 
C) is more equally distributed. 
D) becomes more beneficial for the wealthy. 
A) is unchanged. 
B) is less equally distributed. 
C) is more equally distributed. 
D) becomes more beneficial for the wealthy.

Question 10

Who are the poor in the United States? How many people and what groups are most affected by poverty?

Accepted Answer

The poor are of all races and ethnicitie

Question 11

The crowding of certain ethnic or racial groups into specific occupations results in

Accepted Answer

A) lower wages and a less efficient allocation of resources. 
B) lower wages but a more efficient allocation of resources. 
C) lower wages but no effect on the efficient allocation of resources. 
D) higher wages and a more efficient allocation of labor resources. 
A) lower wages and a less efficient allocation of resources. 
B) lower wages but a more efficient allocation of resources. 
C) lower wages but no effect on the efficient allocation of resources. 
D) higher wages and a more efficient allocation of labor resources.

Question 12

The TANF program is designed to

Accepted Answer

A) increase the minimum wage. 
B) shift people from welfare to employment. 
C) provide medical insurance to poverty-level workers. 
D) provide income to the blind and disabled. 
A) increase the minimum wage. 
B) shift people from welfare to employment. 
C) provide medical insurance to poverty-level workers. 
D) provide income to the blind and disabled.

Question 13

Since its inception in 1996, the Temporary Assistance for Needy Families (TANF)program

Accepted Answer

A) increased, rather than reduced, the number of people on welfare. 
B) reduced the number of people on welfare significantly until the recession of 2007-08 swelled the number of recipients. 
C) aided the poor by automatically increasing welfare payments when inflation occurs. 
D) greatly increased the unemployment rate. 
A) increased, rather than reduced, the number of people on welfare. 
B) reduced the number of people on welfare significantly until the recession of 2007-08 swelled the number of recipients. 
C) aided the poor by automatically increasing welfare payments when inflation occurs. 
D) greatly increased the unemployment rate.

Question 14

The closer the Lorenz curve is to the diagonal, the greater is the degree of income inequality.

Accepted Answer

A) True 
 B)False

Question 15

What is the difference between social insurance and public assistance in income maintenance programs? What are examples of each type of government program?

Accepted Answer

Social insurance programs are programs t

Question 16

Which of the following would move the Lorenz curve closer to the diagonal?

Accepted Answer

A) a 20 percent boost in Social Security retirement benefits 
B) increasing payroll taxes 
C) reducing the progressiveness of the federal personal income tax 
D) eliminating the TANF program 
A) a 20 percent boost in Social Security retirement benefits 
B) increasing payroll taxes 
C) reducing the progressiveness of the federal personal income tax 
D) eliminating the TANF program

Question 17

Government programs, such as Social Security, food stamps, AFDC, SSI, Medicare, and Medicaid, that guarantee particular levels of transfer payments to all who fit the programs' criteria are called

Accepted Answer

A) public assistance programs. 
B) social insurance programs. 
C) benefit-reduction programs. 
D) entitlement programs. 
A) public assistance programs. 
B) social insurance programs. 
C) benefit-reduction programs. 
D) entitlement programs.

Question 18

Unemployment compensation is financed by taxes levied on employers.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following helps explain growing income inequality in the United States in recent years?

Accepted Answer

A) reduced immigration 
B) increased demand for highly skilled workers 
C) the falling labor force participation rate of women 
D) increased power of unions 
A) reduced immigration 
B) increased demand for highly skilled workers 
C) the falling labor force participation rate of women 
D) increased power of unions

Question 20

What were four major provisions of the Temporary Assistance to Needy Families (TANF)reform of the welfare system?

Accepted Answer

The four major provisions of the TANF pr

Exam 23: Income Inequality, Poverty, and Discrimination

The crowding model of occupational discrimination suggests that occupational segregation results in

The crowding of women, African Americans, and certain ethnic groups into less-desirable, lower-paying occupations is

Which of the following would be considered part of wealth?

The debate over income distribution focuses on the trade-off between

An example of a social insurance program is ____________, whereas an example of a public assistance program is _______.

The earned-income tax credit (EITC)is, in essence,

The necessity to maintain incentives to work and incentives to produce output would be a point made by an individual making the case for

The TANF program

When taxes and transfer payments are taken into account, the distribution of income in the United States

Who are the poor in the United States? How many people and what groups are most affected by poverty?

The crowding of certain ethnic or racial groups into specific occupations results in

The TANF program is designed to

Since its inception in 1996, the Temporary Assistance for Needy Families (TANF)program

The closer the Lorenz curve is to the diagonal, the greater is the degree of income inequality.

What is the difference between social insurance and public assistance in income maintenance programs? What are examples of each type of government program?

Which of the following would move the Lorenz curve closer to the diagonal?

Government programs, such as Social Security, food stamps, AFDC, SSI, Medicare, and Medicaid, that guarantee particular levels of transfer payments to all who fit the programs' criteria are called

Unemployment compensation is financed by taxes levied on employers.

Which of the following helps explain growing income inequality in the United States in recent years?

What were four major provisions of the Temporary Assistance to Needy Families (TANF)reform of the welfare system?

Limits, Alternatives, and Choices

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures Caused by Externalities Asymmetric Information

Public Goods, Public Choice, and Government Failure

Elasticity

Utility Maximization

Behavioral Economics

Businesses and the Costs of Production

Pure Competition in the Short Run

Pure Competition in the Long Run

Pure Monopoly

Monopolistic Competition

Oligopoly and Strategic Behavior

Technology, RD, and Efficiency

The Demand for Resources

Wage Determination

Rent, Interest, and Profit

Natural Resource and Energy Economics

Public Finance: Expenditures and Taxes

Antitrust Policy and Regulation

Agriculture: Economics and Policy

Health Care

Immigration

International Trade

The Balance of Payments, Exchange Rates, and Trade Deficits

The Economics of Developing Countries

Filters

An example of a social insurance program is ______, whereas an example of a public assistance program is _.