Exam 17: Income, Poverty, and Health Care

Shortages prevail in the market for organ transplants at zero price.

In the United States the degree of individual income mobility (that is,the degree to which people move from higher to lower,or lower to higher,income groupings)is:

The amount of poverty in the United States ____ in the 1960s and ____ in the 1970s.

Wage differentials between individuals may be partly explained by:

In the Unites States,the Gini coefficient was .403 in 1980 and .469 in 2010.What information on income distribution can be derived from this data?

A preferred provider organization (PPO)is:

Which of the following is likely to improve a person's income?

Which of the following government programs are likely to aid the rich more than the poor?

How is the principle of diminishing marginal utility used to justify income redistribution?

The measured distribution of income today appears more unequal than in the 1950s partly because of:

Which of the following is a result of the health care reform enacted in 2010?

Exhibit 17-1 The Lorenz Curve Refer to Exhibit 17-1.The 45 degree line in the figure represents:

Longitudinal data on income inequality in the United States indicates that:

Many economists conclude that in-kind income programs have served to reduce levels of inequality significantly from the levels suggested by aggregate income statistics.

Earnings differentials cannot be explained at all by differences in productivity.

When employers discriminate,they:

Which of the following best explains why firefighters are generally paid higher wages than those with comparable skills?

The Lorenz curve represents:

In a market economy,differences in incomes:

It has been argued that state-subsidized ____ programs have benefited the middle and upper-income quintiles more than the poor.