Income Inequality, Poverty, and Discrimination
50 questions available
Questions
What is the Lorenz curve used to represent in economics?
View answer and explanationBased on the 2006 data for household income in the United States, what percentage of total before-tax income did the highest 20 percent of households receive?
View answer and explanationWhat does the Gini ratio measure?
View answer and explanationAccording to the analysis of government redistribution in 2005, what was the primary driver for the reduction in income inequality?
View answer and explanationWhich of the following is NOT listed as a cause of income inequality?
View answer and explanationHow did the income share of the lowest 20 percent of U.S. households change between 1970 and 2006?
View answer and explanationWhat is considered the most significant contributor to the growing income inequality in the U.S. since 1970?
View answer and explanationThe basic argument for an equal distribution of income is that it achieves what goal?
View answer and explanationWhat is the fundamental trade-off that society faces when considering income redistribution?
View answer and explanationWhat was the official poverty line for a family of four in the United States in 2006?
View answer and explanationAccording to 2006 data, which population group had the highest incidence of poverty?
View answer and explanationWhat is the primary distinction between social insurance programs and public assistance programs?
View answer and explanationWhich of the following is an example of a public assistance program?
View answer and explanationWhat is the purpose of the Earned-Income Tax Credit (EITC)?
View answer and explanationAccording to the taste-for-discrimination model, what does the discrimination coefficient 'd' represent?
View answer and explanationIn the taste-for-discrimination model, if a white employer has a discrimination coefficient 'd' of 3 dollars and the market wage for a white worker is 15 dollars, the employer will be indifferent between a white worker and an equally productive African-American worker at what wage for the African-American worker?
View answer and explanationWhat is statistical discrimination?
View answer and explanationThe occupational segregation model explains lower wages for certain groups as a result of what mechanism?
View answer and explanationWhat is the societal consequence of eliminating occupational segregation, according to the crowding model?
View answer and explanationWhat does the text identify as a major limitation of using a single year's income data to measure inequality?
View answer and explanationWhat was the average income of a U.S. farm household in 2006?
View answer and explanationAccording to the analysis in the chapter, which two population groups experience poverty rates that are roughly double the rate for whites?
View answer and explanationThe Temporary Assistance for Needy Families (TANF) program, established in 1996, included which of the following provisions?
View answer and explanationWhat is human capital?
View answer and explanationThe argument that income inequality is necessary for economic efficiency is based on the idea that inequality...
View answer and explanationWhat was the Gini ratio for U.S. household income in 2006?
View answer and explanationWhich demographic group in the U.S. had the highest Gini ratio in 2006, indicating the most internal income inequality?
View answer and explanationIn the context of the taste-for-discrimination model, what would a 'color-blind' employer's discrimination coefficient 'd' be?
View answer and explanationWhat is the primary difference between income and wealth?
View answer and explanationIn 2005, what percentage of total income did the lowest quintile of U.S. households receive before government taxes and transfers were accounted for?
View answer and explanationAccording to the crowding model of occupational segregation, if discrimination is eliminated, what is the expected impact on the wages of the previously crowded group and the previously preferred group?
View answer and explanationWhich of the following is an example of statistical discrimination?
View answer and explanationIn 2007, about how many people received benefits from the Social Security program?
View answer and explanationWhich factor is NOT considered a cause of growing income inequality since 1970?
View answer and explanationWhat was the poverty rate in the United States in 2006?
View answer and explanationThe argument from the 'Consider This: Slicing the Pizza' box suggests that redistributing income to make shares more equal often leads to what outcome?
View answer and explanationIn 2004, what percentage of total family wealth was held by the top 1 percent of families in the United States?
View answer and explanationWhat happened to the median family wealth in the U.S. between 1995 and 2004, after adjusting for inflation?
View answer and explanationWhich of the following social insurance programs is financed by a payroll tax on all work income, not just up to a certain limit?
View answer and explanationWhat is the economic cost to society of discrimination?
View answer and explanationA Gini ratio of 0 represents what state of income distribution?
View answer and explanationWhat percentage of the reduction in U.S. income inequality is attributed to transfer payments?
View answer and explanationThe wage difference between college graduates and high school graduates for men rose from 22 percent in 1980 to what percentage in 2005?
View answer and explanationWhat was the official poverty rate for Asians in the United States in 2006?
View answer and explanationWhich of the following best defines the crowding model of discrimination?
View answer and explanationWhat was the total expenditure for the Temporary Assistance for Needy Families (TANF) program in 2007?
View answer and explanationAccording to the text, the income share received by the top 5 percent of U.S. households rose from 16.6 percent in 1970 to what in 2006?
View answer and explanationIn the taste-for-discrimination model, competition is predicted to reduce discrimination in the long run because...
View answer and explanationWhich of these programs is a social insurance program, rather than a public assistance program?
View answer and explanationWhat was the poverty threshold for a family of six in 2006?
View answer and explanation