Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
42.
Which of the following would likely reduce income inequality?
43.
Income
44.
Wealth
23-22
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
D. refers to accumulated financial and real assets.
45.
Which of the following is correct?
46.
Wealth in the United States is
47.
The distribution of wealth in the United States is such that it
23-23
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
C.
reduces income inequality.
D. contributes to income inequality.
48.
Which is correct?
49.
The exercise of market power by suppliers in resource markets tends to
50.
Each of the following has contributed to growing income inequality in the United States since
1975 except
23-24
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
A.
the decline in unionism.
B.
greater demand for highly skilled workers.
C.
stronger international competition from imports.
D. government transfers.
51.
Which of the following would most likely increase income inequality?
52.
Since 1975 the distribution of income has
53.
Which of the following helps explain growing income inequality in the United States in recent
years?
54.
The term "growing income inequality" implies that the
55.
Since 1980 the difference between the earnings of college graduates and high school
graduates has
23-26
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
Test Bank: I
Topic: Income Inequality over Time
56.
The entrance of large numbers of "baby boomers" into the labor force in the 1970s and 1980s
57.
The basic argument for income inequality is that
58.
The basic economic argument for greater income equality is that
59.
Refer to the diagrams, which show identical marginal utility from income curves for Singer and
Catalano. The marginal utility from income curves are drawn on the
assumption that
60.
Refer to the diagrams, which show identical marginal utility from income curves for Singer and
Catalano. If a given income of $20,000 is initially distributed so that
Singer receives $15,000
and Catalano $5,000, the marginal utility
23-29
61.
Refer to the diagrams, which show identical marginal utility from income curves for Singer and
Catalano. If a given income of $20,000 is initially distributed so that
Singer receives $15,000
and Catalano $5,000,
62.
Refer to the diagrams, which show identical marginal utility from income curves for Singer and
Catalano. If an initial distribution of $15,000 to Singer and $5,000 to
Catalano is altered in
favor of greater equality, it may be argued that
63.
The equality-efficiency trade-off refers to
64.
The equality-efficiency trade-off suggests that
65.
Gomez argues that we need to increase the nation's output. Chang contends that our top
priority should be a more equal distribution of income and output. It can be
correctly stated that
these two goals are
23-32
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
Topic:
Equality versus Efficiency
66.
According to the standard government definitions, the percentage of the U.S. population now
(2014) considered to be living in poverty is about
67.
In 2014, the official poverty line for a household of four in the United States was
68.
Which of the following demographic groups does not bear a disproportionate burden of
poverty?
23-33
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
Ac c e ssi b i lit y: Keyboard Navigation
Blooms: Understand
Dif ficulty:
02 Medium
Learning Objective: 23-05 Relate how poverty is measured and its incidence by age,
gender, ethnicity, and other characteristics.
Test Bank: I
Topic: The Economics of Poverty
69.
The poverty rate in the United States was
70.
Which of the following groups has the highest poverty rate?
71.
Which of the following groups has the lowest poverty rate?
23-34
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
C.
foreign-born (not citizens)
D.
Asians
72.
The poverty rate for African Americans is
73.
Which of the following groups would we expect to have the highest poverty rate?
74.
The U.S. poverty rate for
75.
Which of the following measurement issues makes interpretation of U.S. poverty rates
difficult?
76.
Which of the following measurement issues makes interpretation of U.S. poverty rates
difficult?
23-36
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
whenever they move.
77.
A major difference between social insurance and welfare is that social insurance
78.
The U.S. income-maintenance program consists of two kinds of programs. They are
79.
An example of a social insurance program is , whereas an example of a public assistance
program is .
80.
Which of the following is not a social insurance program?
81.
Which of the following is a public assistance or welfare program as opposed to a social
insurance program?
23-38
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
Blooms: Remember
Di f f i c u l t y : 01 Easy
Learning Objective: 23-06 Identify the major components of the income-maintenance
program in the United States.
Test Bank: I
Topic:
The U.S. Income-Maintenance System
82.
A major difference between social insurance and public assistance is that the
83.
Social Security is financed
84.
The primary purpose of Social Security is to
23-39
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
C.
provide income for workers who are temporarily unemployed.
D. provide income for retired and disabled workers.
85.
For which of the following income-maintenance programs is aggregate spending the greatest?
86.
Medicaid
23-40
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
Topic:
The U.S. Income-Maintenance System
87.
Which of the following terms describes a system of subsidized health insurance available to
the aged?
88.
Which of the following provides public assistance to those who are blind and otherwise
disabled?
89.
Which of the following helps finance the medical expenses of individuals receiving TANF or
SSI?
