Question 1

Tax loopholes serve to

Accepted Answer

A) improve the incomes of the poor. 
B) erode the progressivity of the income tax. 
C) increase the progressivity of the income tax. 
D) decrease work incentives for the poor. 
A) improve the incomes of the poor. 
B) erode the progressivity of the income tax. 
C) increase the progressivity of the income tax. 
D) decrease work incentives for the poor.

Question 2

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

Accepted Answer

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

Question 3

Aid to families with dependent children was

Accepted Answer

A) a close-to-perfect welfare or public assistance program. 
B) criticized because it provided little incentive for recipients to get jobs. 
C) contributing to efficient production of goods. 
D) superior to a negative income tax for work incentives. 
A) a close-to-perfect welfare or public assistance program. 
B) criticized because it provided little incentive for recipients to get jobs. 
C) contributing to efficient production of goods. 
D) superior to a negative income tax for work incentives.

Question 4

From a purely economic point of view, discrimination exists when

Accepted Answer

A) black teenagers earn more than white teenagers. 
B) all factors are earning average products. 
C) women earn less than men. 
D) equivalent factors earn different payments for equal contributions to output. 
A) black teenagers earn more than white teenagers. 
B) all factors are earning average products. 
C) women earn less than men. 
D) equivalent factors earn different payments for equal contributions to output.

Question 5

In the Santa Rita silver mines in Arizona in 1870, Mexican miners received about $12 per month, while "American" miners received $70. Although the wages of both groups tended to rise over time, the gap persisted until at least 1910. Mexican and American miners did the same work and were equally productive. Economists call this pay differential as

Accepted Answer

A) prejudicial differentials. 
B) compensating differentials. 
C) economic discrimination. 
D) Lorenz discrimination. 
A) prejudicial differentials. 
B) compensating differentials. 
C) economic discrimination. 
D) Lorenz discrimination.

Question 6

How do income redistribution programs affect equality and efficiency?

Accepted Answer

Programs intended to improve equality by

Question 7

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?

Accepted Answer

A) A to B 
B) C to G 
C) C to F 
D) B to C 
A) A to B 
B) C to G 
C) C to F 
D) B to C

Question 8

Table 21-1   
-Consider the economy described by the income distribution in Table 21-1. From this table, we can conclude that the poorest 60 percent of the population earns

Accepted Answer

A) 15 percent of the income. 
B) 17 percent of the income. 
C) 32 percent of the income. 
D) 68 percent of the income. 
A) 15 percent of the income. 
B) 17 percent of the income. 
C) 32 percent of the income. 
D) 68 percent of the income.

Question 9

In the negative income tax framework, a break-even point of $16,000 and a tax rate of 25 percent imply a guarantee of which of the following figures?

Accepted Answer

A) $4,000 
B) $8,000 
C) $12,000 
D) $16,000 
A) $4,000 
B) $8,000 
C) $12,000 
D) $16,000

Question 10

Economic discrimination and prejudice

Accepted Answer

A) are synonymous. 
B) must both exist in statistical discrimination. 
C) often occur together. 
D) are mutually exclusive. 
A) are synonymous. 
B) must both exist in statistical discrimination. 
C) often occur together. 
D) are mutually exclusive.

Question 11

Affirmative action

Accepted Answer

A) requires potential employees to affirm their rights at the Equal Employment Opportunity Commission. 
B) outlaws discrimination in rates of pay and hiring standards. 
C) refers to active efforts to locate and hire members of underrepresented groups. 
D) is when members of underrepresented groups act to reduce workplace discrimination. 
A) requires potential employees to affirm their rights at the Equal Employment Opportunity Commission. 
B) outlaws discrimination in rates of pay and hiring standards. 
C) refers to active efforts to locate and hire members of underrepresented groups. 
D) is when members of underrepresented groups act to reduce workplace discrimination.

Tax loopholes serve to

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

Aid to families with dependent children was

From a purely economic point of view, discrimination exists when

How do income redistribution programs affect equality and efficiency?

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?

Table 21-1 -Consider the economy described by the income distribution in Table 21-1. From this table, we can conclude that the poorest 60 percent of the population earns

In the negative income tax framework, a break-even point of $16,000 and a tax rate of 25 percent imply a guarantee of which of the following figures?

Economic discrimination and prejudice

Affirmative action

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

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

Externalities, Externaliteis, the Environment, and Natural Resources

Taxation and Resource Allocation

Pricing the Factors of Production

Labor and Entrepreneurship: the Human Inputs

International Trade and Comparative Advantage

Contemporary Issues in the Us Economy

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Exam 20: Poverty, Inequality, and Discrimination

Tax loopholes serve to

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

Aid to families with dependent children was

From a purely economic point of view, discrimination exists when

How do income redistribution programs affect equality and efficiency?

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?

Table 21-1 -Consider the economy described by the income distribution in Table 21-1. From this table, we can conclude that the poorest 60 percent of the population earns

In the negative income tax framework, a break-even point of $16,000 and a tax rate of 25 percent imply a guarantee of which of the following figures?

Economic discrimination and prejudice

Affirmative action

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

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

Externalities, Externaliteis, the Environment, and Natural Resources

Taxation and Resource Allocation

Pricing the Factors of Production

Labor and Entrepreneurship: the Human Inputs

International Trade and Comparative Advantage

Contemporary Issues in the Us Economy

Filters