Question 1

How many elderly people are covered by Medicare?

Accepted Answer

A) one third 
B) one half 
C) almost all 
D) almost none 
A) one third 
B) one half 
C) almost all 
D) almost none C

Question 2

Over the years,there have been many programs designed to help the poor.One of the more popular ones has been the Earned Income Tax Credit (EITC).What makes this program so popular?

Accepted Answer

Unlike other programs,participants in EITC are working and contributing to society.The skills and contacts made through working,helps in the efforts to keep these people from slipping further into poverty.

Question 3

Which is the largest cash transfer program for the poor?

Accepted Answer

A) TANF 
B) Medicare 
C) SSI 
D) Medicaid 
A) TANF 
B) Medicare 
C) SSI 
D) Medicaid A

Question 4

Medicaid is the most expensive program that the government runs that provides benefits to the poor.

Accepted Answer

A) True 
 B)False

Question 5

Enrollment in the Medicaid program

Accepted Answer

A) is designed for those persons 65 years of age and older. 
B) has increased due to expanded eligibility. 
C) covers all medical expenses that a poor person may incur. 
D) requires a substantial co-payment that has not been helpful to poor families. 
A) is designed for those persons 65 years of age and older. 
B) has increased due to expanded eligibility. 
C) covers all medical expenses that a poor person may incur. 
D) requires a substantial co-payment that has not been helpful to poor families.

Question 6

Suppose in a certain city the demand for low-cost housing can be characterized by the equation P = 500 - 2Q,where Q is housing measured in square feet.Further,suppose that supply is characterized by the equation: P = 25 + 3Q.
(A)How much consumer surplus is there?
(B)Suppose that a grant is given so that the supply of housing is increased.This increase changes the supply curve to P = 3Q.How much does consumer surplus change because of the grant?

Accepted Answer

(A)Setting supply equal to demand gives

Question 7

The maximum amount of EITC benefit in 2008 was?

Accepted Answer

A) $6090 
B) $2398 
C) $104 
D) $4824 
A) $6090 
B) $2398 
C) $104 
D) $4824

Question 8

The gross replacement rate is typically 95% of pretax earnings.

Accepted Answer

A) True 
 B)False

Question 9

Question 22
In 1890, 29% of the United States’ population was in poverty.
-Return to Question 22 above.Suppose that the government feels that the grant is not enough and,in addition,imposes a price ceiling of $270.What will happen to consumer surplus? What are the drawbacks?

Accepted Answer

Under the price ceiling scheme,new P* =

Question 10

This question is similar to Discussion Question 1 of Chapter 13 in your textbook.In New York,a welfare recipient can earn $90 per month without having her benefits reduced.Beyond $90,benefits are reduced by 57 cents for every dollar of earnings.Consider Jackie,a resident of New York,who can earn $10 per hour.If she does not work at all,she is eligible for welfare benefits of $577.
(A)If she works 10 hours,how much are her work earnings,how much is her welfare benefits,and how much is her total income?
(B)After Jackie works a certain number of hours,she does not receive any benefits at all.What is that number of hours? enjoy

Accepted Answer

(A)If Jackie works 10 hours at $10 per h

Question 11

The United States' official measure of poverty is measured by

Accepted Answer

A) only cash income. 
B) cash income and capital gains. 
C) only in-kind income. 
D) the imputed value of rent payments. 
A) only cash income. 
B) cash income and capital gains. 
C) only in-kind income. 
D) the imputed value of rent payments.

Question 12

Social Security Income(SSI)is available for all,except

Accepted Answer

A) aged. 
B) immigrants. 
C) blind. 
D) disabled. 
A) aged. 
B) immigrants. 
C) blind. 
D) disabled.

Question 13

Unemployment taxes are collected from both employees and employers.

Accepted Answer

A) True 
 B)False

Question 14

Only about a quarter of the population eligible for housing subsidies actually receives them.

Accepted Answer

A) True 
 B)False

Question 15

What are some of the drawbacks,as you see them,to a program like Workfare?

Accepted Answer

Workfare requires a good deal of monitor

Question 16

A needy family consisting of a mother and three children currently receives cash benefits that average $12 per day.The mother of this family is allowed to earn an average of $4 per day before her benefits begin to decline.After that,for each dollar earned,cash benefits decline by 67 cents for each dollar earned.Assume that she can find work at $4 per hour.How many hours will she have to work per day before her benefits are eliminated?

Accepted Answer

Cash benefits decline by $0.67 per dolla

Question 17

One of the changes in the welfare system of the United States that occurred in 1996 was a move to block grants for states.What advantage(s)might a block grant system allow?

Accepted Answer

Since participation in different states

Question 18

The group comprising the highest percentage of the poor is

Accepted Answer

A) the disabled. 
B) elderly. 
C) male heads of households. 
D) children. 
A) the disabled. 
B) elderly. 
C) male heads of households. 
D) children.

Question 19

All of the following are in-kind benefit programs,except

Accepted Answer

A) food stamps. 
B) Medicaid. 
C) energy assistance. 
D) SSI. 
A) food stamps. 
B) Medicaid. 
C) energy assistance. 
D) SSI.

Question 20

The majority of government programs designed to help poor families consists of direct cash payments.

Accepted Answer

A) True 
 B)False

How many elderly people are covered by Medicare?

Over the years,there have been many programs designed to help the poor.One of the more popular ones has been the Earned Income Tax Credit (EITC).What makes this program so popular?

Which is the largest cash transfer program for the poor?

Medicaid is the most expensive program that the government runs that provides benefits to the poor.

Enrollment in the Medicaid program

The maximum amount of EITC benefit in 2008 was?

The gross replacement rate is typically 95% of pretax earnings.

Question 22 In 1890, 29% of the United States’ population was in poverty. -Return to Question 22 above.Suppose that the government feels that the grant is not enough and,in addition,imposes a price ceiling of $270.What will happen to consumer surplus? What are the drawbacks?

The United States' official measure of poverty is measured by

Social Security Income(SSI)is available for all,except

Unemployment taxes are collected from both employees and employers.

Only about a quarter of the population eligible for housing subsidies actually receives them.

What are some of the drawbacks,as you see them,to a program like Workfare?

One of the changes in the welfare system of the United States that occurred in 1996 was a move to block grants for states.What advantage(s)might a block grant system allow?

The group comprising the highest percentage of the poor is

All of the following are in-kind benefit programs,except

The majority of government programs designed to help poor families consists of direct cash payments.

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters

Exam 13: Expenditure Programs for the Poor

How many elderly people are covered by Medicare?

Over the years,there have been many programs designed to help the poor.One of the more popular ones has been the Earned Income Tax Credit (EITC).What makes this program so popular?

Which is the largest cash transfer program for the poor?

Medicaid is the most expensive program that the government runs that provides benefits to the poor.

Enrollment in the Medicaid program

The maximum amount of EITC benefit in 2008 was?

The gross replacement rate is typically 95% of pretax earnings.

Question 22 In 1890, 29% of the United States’ population was in poverty. -Return to Question 22 above.Suppose that the government feels that the grant is not enough and,in addition,imposes a price ceiling of $270.What will happen to consumer surplus? What are the drawbacks?

The United States' official measure of poverty is measured by

Social Security Income(SSI)is available for all,except

Unemployment taxes are collected from both employees and employers.

Only about a quarter of the population eligible for housing subsidies actually receives them.

What are some of the drawbacks,as you see them,to a program like Workfare?

One of the changes in the welfare system of the United States that occurred in 1996 was a move to block grants for states.What advantage(s)might a block grant system allow?

The group comprising the highest percentage of the poor is

All of the following are in-kind benefit programs,except

The majority of government programs designed to help poor families consists of direct cash payments.

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters