Question 1

Actual experiments show that negative income taxes destroy work incentives.

Accepted Answer

A) True 
 B)False

Question 2

The simplest economic definition of discrimination is

Accepted Answer

A) prejudice. 
B) unequal pay for equal work. 
C) a dislike by one group of associating with another group. 
D) unequal pay for unequal work. 
A) prejudice. 
B) unequal pay for equal work. 
C) a dislike by one group of associating with another group. 
D) unequal pay for unequal work.

Question 3

Since 1970, the share of income going to the richest fifth of the population in the U.S.has

Accepted Answer

A) diminished. 
B) grown. 
C) remained unchanged. 
A) diminished. 
B) grown. 
C) remained unchanged.

Question 4

The official dividing line between the poor and nonpoor is called the

Accepted Answer

A) life threshold. 
B) life edge. 
C) poverty line. 
D) beginning line. 
A) life threshold. 
B) life edge. 
C) poverty line. 
D) beginning line.

Question 5

The concept of absolute poverty states that anyone who falls too far behind the average income should be considered poor.

Accepted Answer

A) True 
 B)False

Question 6

What are the two important programs in practice in America that strongly resemble a negative income tax?

Accepted Answer

Comprehension1.Food Stamps program: Food

Question 7

About what percentage of the poor are children?

Accepted Answer

A) 13 
B) 24 
C) 36 
D) 60 
A) 13 
B) 24 
C) 36 
D) 60

Question 8

A market system tends to create inequality.

Accepted Answer

A) True 
 B)False

Question 9

In 2012, the poverty line for a family of four was approximately

Accepted Answer

A) $10,075 
B) $13,100. 
C) $15,700. 
D) $23,250. 
A) $10,075 
B) $13,100. 
C) $15,700. 
D) $23,250.

Question 10

Under current federal antipoverty programs,

Accepted Answer

A) economic equality is promoted at the least possible cost in economic efficiency. 
B) a family's benefits do not depend on its earnings from work. 
C) a family's total income (cash and in-kind benefits) may actually fall if its earnings from work rise. 
D) families with children are entitled to no more assistance than families without children. 
A) economic equality is promoted at the least possible cost in economic efficiency. 
B) a family's benefits do not depend on its earnings from work. 
C) a family's total income (cash and in-kind benefits) may actually fall if its earnings from work rise. 
D) families with children are entitled to no more assistance than families without children.

Question 11

Prejudice leads, inevitably, to economic discrimination.

Accepted Answer

A) True 
 B)False

Question 12

-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.

Exam 20: Poverty, Inequality, and Discrimination

Actual experiments show that negative income taxes destroy work incentives.

The simplest economic definition of discrimination is

Since 1970, the share of income going to the richest fifth of the population in the U.S.has

The official dividing line between the poor and nonpoor is called the

The concept of absolute poverty states that anyone who falls too far behind the average income should be considered poor.

What are the two important programs in practice in America that strongly resemble a negative income tax?

About what percentage of the poor are children?

A market system tends to create inequality.

In 2012, the poverty line for a family of four was approximately

Under current federal antipoverty programs,

Prejudice leads, inevitably, to economic discrimination.

-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

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

Securities: Business Finance and the Economy: the Tail That Wags the Dog

The Firm and the Industry Under Perfect Competition

Monopoly

Between Competition and Monopoly

Limiting Market Power: Regulation and Antitrust

The Case for Free Markets: the Price System

The Shortcomings of Free Markets

Externalities, the Environment, and Natural Resources

Taxation and Resource Allocation

Pricing the Factors of Production

Labor and Entrepreneurship: the Human Inputs

Is Useconomic Leadership Threatened

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

He 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

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