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Issues in Economics Today
Exam 38: Poverty and Welfare
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Question 1
Multiple Choice
In 2014 we spent ____ on in-kind transfers and ____ on in cash transfers to help the poor.
Question 2
Multiple Choice
Which of the following is true about poor populations?
Question 3
Multiple Choice
In 2014, the ethnic group experiencing the highest poverty rate was
Question 4
Multiple Choice
Most of the reduction in poverty rates since World War II occurred as a result of the
Question 5
Multiple Choice
The level of income sufficient to provide a family with a minimally adequate standard of living is the
Question 6
Multiple Choice
The incentives built into nearly all welfare programs
Question 7
Multiple Choice
The poverty line goes up as the size of the household increases. A doubling of the family size
Question 8
Multiple Choice
After accounting for taxes and various welfare programs, economist Timothy Smeeding estimates that the average European country's anti-poverty programs reduce their poverty by 60% while
Question 9
Multiple Choice
Through its anti-poverty programs, the U.S. currently spends $789 billion attempting to
Question 10
Multiple Choice
The incentives built into nearly all welfare programs
Question 11
Multiple Choice
The incentives built into nearly all welfare programs
Question 12
Multiple Choice
If the poverty line is $16,000 for a family of four and the U.S. has 100 million such families, with 25 million of these families having incomes of $12,000 and 75 million having incomes of $20,000. This means the poverty gap would be