Exam 20: Income Inequality and Poverty

The political philosophy that views the redistribution of income as a form of social insurance is

Over the past 50 years,the U.S.poverty rate was at its lowest level in

The utilitarian case for redistributing income is based on the assumption of

Assume you are a critic of welfare reforms that impose a time limit on the number of years a person is eligible for welfare benefits.What is the foundation of your critique?

The poverty rate is

The concept of diminishing marginal utility is embedded in the utilitarian rationale for

The poverty line in the country of Equalia is $10,000.The distribution of income for Equalia is as follows: The poverty rate in Equalia is

In 2003,the poverty line for a family of four in the U.S.was approximately

According to a libertarian,if income were to be distributed equally,

Ms.Spring currently earns $100,000 a year,while her junior partner,Mr.Fall,earns $55,000 a year.From the perspective of a utilitarian,if both of their incomes are subject to diminishing marginal utility,taking a dollar from Ms.Spring and giving it to Mr.Fall will

Many economists believe that a family bases its spending decisions on its average income rather than on transitory income.

maximin criterion suggests that social policy should

Which of the following groups has the highest poverty rate?

A negative income tax system was designed to

Libertarians believe that in considering economic fairness,one should primarily consider the

The statement that "measures of the distribution of income are based on money income" relates to which problem in measuring inequality?

Social security and unemployment insurance benefits are examples of

Figure 20-2 Poverty Rates by Age -Refer to Figure 20-2.In 2001,the percent of adults between aged 18 and 64 in poverty is

According to the maximin criterion,income should be transferred from the rich to the poor as long as it

Measuring poverty using an absolute income scale like the poverty line can be misleading because