CHAPTER 22
Economics of Racial and Gender Discrimination
MULTIPLE CHOICE
177. How does the median net worth of white, not Hispanic households compare to that of Black
households in 2000.
a. White, not Hispanic households have about twice as much net worth as Black
households.
b. White, not Hispanic households have about 5 times as much net worth as Black
households.
c. White, not Hispanic households have about the same amount of net worth as Black
households.
d. White, not Hispanic households have about 10 times as much net worth as Black
households.
178. How did the median net worth of white, not Hispanic households compare to that of
Hispanic households in 2000.
a. White, not Hispanic households have about twice as much net worth as Hispanic
households.
b. White, not Hispanic households have about 8 times as much net worth as Hispanic
households.
c. White, not Hispanic households have about the same amount of net worth as Hispanic
households.
d. White, not Hispanic households have about 4 times as much net worth as Hispanic
households.
179. How did the median income of Asian households in the US compare to that of white, not
Hispanic in 2005?
a. The median income of Asians households is about 80% that of white, not Hispanic
households.
b. The median income of Asians households is about 60%% that of white, not Hispanic
households.
c. The median income of Asian households is about the same as that of white, not Hispanic
households.
d. The median income of Asians households is about 120% that of white, not Hispanic
households.
180. How did the median income of Black households in the US compare to that of white, not
Hispanic in 2005?
a. The median income of Black households is about 40% that of white, not Hispanic
households.
b. The median income of Black households is about 60% that of white, not Hispanic
households.
c. The median income of Black households is about the same as that of white, not Hispanic
households.
d. The median income of Black households is about 120% that of white, not Hispanic
households.
181. How did the median income of Hispanic households in the US compare to that of white, not
Hispanic in 2005?
a. The median income of Hispanic households is about 35% that of white, not Hispanic
households.
b. The median income of Hispanic households is about 70% that of white, not Hispanic
households.
c. The median income of Hispanic households is about the same as that of white, not
Hispanic households.
d. The median income of Hispanic households is about 120% that of white, not Hispanic
households.
182. What is the conservative position on discrimination as exemplified by Milton Friedman?
a. discrimination is an example of free choice, therefore it is utility maximizing and
efficient.
b. discrimination is irrational and inefficient, therefore the market will eliminate it on its
own.
c. discrimination is profitable to employers who can pay lower wages, therefore there are no
market incentives to eliminate it.
d. discrimination does not exist, because it was made illegal many years ago.
183. Why is housework not counted as part of GDP?
a. because the work of American housewives has no value.
b. because unpaid work in the home does not go through the market.
c. because it is a relatively small part of the US economy.
d. because less and less work is actually done in the home.
184. Discrimination means that
a. there are laws enforcing bias against certain groups.
b. a dominant group has greater access to resources and power than those who are different.
c. all who work hard will have an equal chance to earn social and economic rewards.
d. the market is allocating resources efficiently
185. Conservative economists and progressive differ on who gains and who loses from sexism in
the workplace. Which of the following statements is true?
a. Conservative economists argue that capitalists lose from sexism in the workplace,
because they could get an equally qualified woman for less pay.
b. Conservative economists argue that male employees lose from sexism in the workplace,
because lack of solidarity lowers wages for all workers.
c. Progressive economists argue that male employees gain from sexism in the workplace,
because they benefit from wages that are higher than normal.
d. Progressive economists argue that capitalists gain from sexism in the workplace, because
putting women in their place is emotionally satisfying.
186. The wage gap or ll-time, full-year
workers is
a.
b.
c.
d.