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114. Multiple Choice: The period during the 1930s and 1940s...
Question The period during the 1930s and 1940s when income inequality fell sharply is
referred to as the:
115. Multiple Choice: The rising income gap among highly ed...
Question The rising income gap among highly educated workers in the United States:
116. Multiple Choice: Increases in income inequality in the...
Question Increases in income inequality in the United States are partially attributed to:
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117. Multiple Choice: In the United States, if the median h...
Question In the United States, if the median household income in 2010 was $49,445, this
means that:
118. Multiple Choice: The mean household income is:
Question The mean household income is:
119. Multiple Choice: The Gini coefficient:
Question The Gini coefficient:
120. Multiple Choice: For the United States in 2009, a Gini...
Question For the United States in 2009, a Gini coefficient of 0.46 suggests that:
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121. Multiple Choice: Much of the rise in income inequality...
Question Much of the rise in income inequality in the past 20 years United States comes
from:
122. Multiple Choice: A sudden loss of income and a signifi...
Question A sudden loss of income and a significant increase in costly medical expenses are
examples of:
123. Multiple Choice: Means-tested programs:
Question Means-tested programs:
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124. Multiple Choice: Programs that are not means tested:
Question Programs that are not means tested:
125. Multiple Choice: Which program was introduced in 1990 ...
Question Which program was introduced in 1990 and replaced the means-tested program
that was called Aid to Families and Dependent Children (AFDC)?
126. Multiple Choice: Temporary Aid to Needy Families is a ...
Question Temporary Aid to Needy Families is a means-tested program that:
127. Multiple Choice: Unemployment insurance is a(n):
Question Unemployment insurance is a(n):
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128. Multiple Choice: In the United States and other wealth...
Question In the United States and other wealthy countries, a large part of the welfare state is
devoted to payments for:
129. Multiple Choice: In 2009, most health care costs were ...
Question In 2009, most health care costs were paid for by:
130. Multiple Choice: The adverse selection death spiral oc...
Question The adverse selection death spiral occurs when private insurance companies:
131. Multiple Choice: Employment-based insurance:
Question Employment-based insurance:
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132. Multiple Choice: Medicare is health insurance coverage...
Question Medicare is health insurance coverage provided to:
133. Multiple Choice: In the United States, if someone does...
Question In the United States, if someone does not have health insurance, it is likely that
this person:
134. Multiple Choice: Health care expenditures in the Unite...
Question Health care expenditures in the United States are ________ than in other countries
such as Canada and France, and the government share of health care in the United
States is ________ than in those countries.
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135. Multiple Choice: The notch problem occurs when a poor ...
Question The notch problem occurs when a poor family that has been receiving aid:
136. Essay: How do poverty programs differ from s...
Question How do poverty programs differ from social insurance programs?
137. Essay: What are some of the causes of povert...
Question What are some of the causes of poverty in America?
138. Essay: Why do economists generally regard me...
Question Why do economists generally regard median income as a better measure of a
typical American's well-being than mean income?
139. Essay: Reference: Ref 18-1 (Table: Individu...
Question
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Reference: Ref 18-1
(Table: Individual Earnings) The table Individual Earnings shows the income of 10
workers.
a) Compute the mean and median income.
b) Create a new table that arranges the workers into quintiles.
c) Add a column to the table that shows the percentage of total income going to
the workers in each quintile.
140. Essay: Since about 1950, the share of income...
Question Since about 1950, the share of income going to the richest 10% of Americans has
steadily increased. What explains this trend?
Answer
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141. Essay: Critics of traditional welfare progra...
Question Critics of traditional welfare programs often cite a disincentive to work as a flaw in
the policy. Why would these critics be in favor of the Earned Income Tax Credit
(EITC)? And why is the EITC described as a negative income tax?
142. Essay: Explain what is meant by the adverse ...
Question Explain what is meant by the adverse selection problem, which has the potential to
doom a private health insurance company to failure.
143. Essay: What are the fundamental differences ...
Question What are the fundamental differences between the Medicare and Medicaid
programs?
144. Essay: How have advancements in medicine con...
Question How have advancements in medicine contributed to the soaring cost of health care
in America? Isn't medical progress a good thing?
145. Essay: Jane works part-time and earns $12,00...
Question
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- Question Type -
Jane works part-time and earns $12,000 per year. Because she is below the
poverty line, she also earns $4,000 in various welfare benefits. Suppose she is
offered a new job that would pay her $15,000 and would bring her earnings high
enough so that she no longer qualified for any welfare benefits. This is what is
known as a notch. Explain what is happening with Jane and how could we modify
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