Question 1

Which of the following results in differences in labor resource ownership?

Accepted Answer

A)  Preferences for work and leisure 
B)  Propensities to accumulate 
C)  Skill levels 
D)  Both (a) and (c) 
E)  All of the above 
A)  Preferences for work and leisure 
B)  Propensities to accumulate 
C)  Skill levels 
D)  Both (a) and (c) 
E)  All of the above

Question 2

The negative income tax proposal calls for families with earned incomes below a certain minimum to receive payments from the government,while families with earned income above the minimum make payments to the government.

Accepted Answer

A) True 
 B)False

Question 3

Through the income effect,any form of cash assistance will generate negative incentives to work.

Accepted Answer

A) True 
 B)False

Question 4

According to recent studies,which of the following programs is most likely to pull the average poor family above the official poverty threshold?

Accepted Answer

A) Earned Income Tax Credit (EIT
C)  
B) Temporary Assistance for Needy Families (TANF) 
C) Supplemental Security Income 
D) Aid to Families with Dependent Children (AFD
C)  
E) The Job Training Partnership Act (JTP
A)  
A) Earned Income Tax Credit (EIT
C)  
B) Temporary Assistance for Needy Families (TANF) 
C) Supplemental Security Income 
D) Aid to Families with Dependent Children (AFD
C)  
E) The Job Training Partnership Act (JTP
A)

Question 5

The Following Questions Refer to the information given below.
Suppose the government implements a negative income tax plan to deal with the poverty problem.The negative income tax rate is set at 50%,and the break-even level of income is set at $5,000.
-If a family earns $2,000 income,their negative income tax subsidy will be

Accepted Answer

A) $0 
B) $1,500 
C) $2,500 
D) $5,000 
E) $7,500 
A) $0 
B) $1,500 
C) $2,500 
D) $5,000 
E) $7,500

Question 6

Discrimination exists when two people perform a job equally well in a factory and receive different hourly pay because of seniority considerations.

Accepted Answer

A) True 
 B)False

Question 7

Under a negative income tax,government payments to a family

Accepted Answer

A) Are positive at all levels of income 
B) Increase as income increases 
C) Decrease to zero as income decreases 
D) Eventually become zero as income increases 
E) Do none of the above 
A) Are positive at all levels of income 
B) Increase as income increases 
C) Decrease to zero as income decreases 
D) Eventually become zero as income increases 
E) Do none of the above

Question 8

Employment discrimination means that some persons are not hired because of non-economic considerations such as race and sex.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following does not exhibit a high degree of occupational segregation?

Accepted Answer

A) Professional tennis players 
B) Plumbers 
C) Secretaries 
D) Teachers 
E) Nurses 
A) Professional tennis players 
B) Plumbers 
C) Secretaries 
D) Teachers 
E) Nurses

Question 10

Since 1960,income inequality has

Accepted Answer

A) Stayed the same 
B) Fallen,then risen 
C) Steadily declined 
D) Steadily increased 
E) Decreased rapidly 
A) Stayed the same 
B) Fallen,then risen 
C) Steadily declined 
D) Steadily increased 
E) Decreased rapidly

Question 11

Critics have argued that the official definition of poverty should

Accepted Answer

A)  Account for differences in the cost of living in different regions of the country 
B)  Be revised to reflect the fact that the average family now spends less than a third of its income on food 
C)  Make allowances for in-kind benefits received by poor families 
D)  Be based on a family's after-tax income 
E)  All of the above 
A)  Account for differences in the cost of living in different regions of the country 
B)  Be revised to reflect the fact that the average family now spends less than a third of its income on food 
C)  Make allowances for in-kind benefits received by poor families 
D)  Be based on a family's after-tax income 
E)  All of the above

Question 12

Within the next three years,the elimination of poverty,as currently defined by the U.S.Department of Labor,is possible in all countries if the rich countries help out the poor ones.

Accepted Answer

A) True 
 B)False

Question 13

The poverty problem in this country is mainly one of low production.

Accepted Answer

A) True 
 B)False

Question 14

The welfare welfare reform measures of the mid-1990s created a negative income tax structure in the U.S. to assist the poor.

Accepted Answer

A) True 
 B)False

Question 15

Discrimination occurs

Accepted Answer

A) When everyone is treated arbitrarily 
B) When equals are treated equally and when unequals are treated unequally 
C) When equals are treated unequally and when unequals are treated equally 
D) Whenever two workers in the same occupation are paid different wages 
E) Only in social situations,not in economic markets 
A) When everyone is treated arbitrarily 
B) When equals are treated equally and when unequals are treated unequally 
C) When equals are treated unequally and when unequals are treated equally 
D) Whenever two workers in the same occupation are paid different wages 
E) Only in social situations,not in economic markets

Question 16

The incidence of poverty falls most heavily on

Accepted Answer

A) Families with a young person as head 
B) Families with a female as head 
C) Minority groups 
D) Children 
E) All of the above 
A) Families with a young person as head 
B) Families with a female as head 
C) Minority groups 
D) Children 
E) All of the above

Question 17

From the point of view of economics,discrimination

Accepted Answer

A) Results in an actual GDP that is below potential GDP 
B) Results in an actual GDP that is no different from potential GDP provided resources are fully employed 
C) No longer exists in the U.S.economy 
D) Provides incentives for minority groups to work harder at their jobs 
E) Does none of the above 
A) Results in an actual GDP that is below potential GDP 
B) Results in an actual GDP that is no different from potential GDP provided resources are fully employed 
C) No longer exists in the U.S.economy 
D) Provides incentives for minority groups to work harder at their jobs 
E) Does none of the above

Question 18

In 1996,the Personal Responsibility and Work Opportunity Act replaced the old AFDC program with the TANF program.

Accepted Answer

A) True 
 B)False

Question 19

An individual's income depends upon the prices and quantities of resources owneD.

Accepted Answer

A) True 
 B)False

Question 20

The official U.S.poverty definition is an income sufficient to provide

Accepted Answer

A) Minimum biological needs 
B) Three times the cost of an economy food budget 
C) The income of the poorest 8% of the families 
D) The average U.S.welfare allowance 
E) None of the above 
A) Minimum biological needs 
B) Three times the cost of an economy food budget 
C) The income of the poorest 8% of the families 
D) The average U.S.welfare allowance 
E) None of the above

Which of the following results in differences in labor resource ownership?

The negative income tax proposal calls for families with earned incomes below a certain minimum to receive payments from the government,while families with earned income above the minimum make payments to the government.

Through the income effect,any form of cash assistance will generate negative incentives to work.

According to recent studies,which of the following programs is most likely to pull the average poor family above the official poverty threshold?

Discrimination exists when two people perform a job equally well in a factory and receive different hourly pay because of seniority considerations.

Under a negative income tax,government payments to a family

Employment discrimination means that some persons are not hired because of non-economic considerations such as race and sex.

Which of the following does not exhibit a high degree of occupational segregation?

Since 1960,income inequality has

Critics have argued that the official definition of poverty should

Within the next three years,the elimination of poverty,as currently defined by the U.S.Department of Labor,is possible in all countries if the rich countries help out the poor ones.

The poverty problem in this country is mainly one of low production.

The welfare welfare reform measures of the mid-1990s created a negative income tax structure in the U.S. to assist the poor.

Discrimination occurs

The incidence of poverty falls most heavily on

From the point of view of economics,discrimination

In 1996,the Personal Responsibility and Work Opportunity Act replaced the old AFDC program with the TANF program.

An individual's income depends upon the prices and quantities of resources owneD.

The official U.S.poverty definition is an income sufficient to provide

Alleviating Human Misery: The Role of Economic Reasoning

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Government Control of Prices in Mixed Systems: Who Are the Winners and Losers

Pollution Problems: Must We Foul Our Own Nests

Economics of Crime and Its Prevention: How Much Is Too Much

The Economics of Education: Crisis and Reform

The Economics of Monopoly Power: Can Markets Be Controlled

The Economics of Professional Sports: What Is the Real Score

Competition in the Global Market-Place: Should We Protect Ourselves From International Trade

Economic Growth: Why Is the Economic Road so Bumpy

Money,Banking and the Financial System: Old Problems With New Twists

Unemployment and Inflation: Can We Find a Balance

Government Spending,Taxation,and the National Debt: Who Wins and Who Loses

Social Security and Medicare: How Secure Is Our Safety Net for the Elderly

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Exam 7: Poverty Problems and Discrimination: Why Are so Many Still so Poor

Which of the following results in differences in labor resource ownership?

The negative income tax proposal calls for families with earned incomes below a certain minimum to receive payments from the government,while families with earned income above the minimum make payments to the government.

Through the income effect,any form of cash assistance will generate negative incentives to work.

According to recent studies,which of the following programs is most likely to pull the average poor family above the official poverty threshold?

Discrimination exists when two people perform a job equally well in a factory and receive different hourly pay because of seniority considerations.

Under a negative income tax,government payments to a family

Employment discrimination means that some persons are not hired because of non-economic considerations such as race and sex.

Which of the following does not exhibit a high degree of occupational segregation?

Since 1960,income inequality has

Critics have argued that the official definition of poverty should

Within the next three years,the elimination of poverty,as currently defined by the U.S.Department of Labor,is possible in all countries if the rich countries help out the poor ones.

The poverty problem in this country is mainly one of low production.

The welfare welfare reform measures of the mid-1990s created a negative income tax structure in the U.S. to assist the poor.

Discrimination occurs

The incidence of poverty falls most heavily on

From the point of view of economics,discrimination

In 1996,the Personal Responsibility and Work Opportunity Act replaced the old AFDC program with the TANF program.

An individual's income depends upon the prices and quantities of resources owneD.

The official U.S.poverty definition is an income sufficient to provide

Alleviating Human Misery: The Role of Economic Reasoning

Economic Systems, Resource Allocation, and Social Well-Being: Lessons From Chinas Transition

Government Control of Prices in Mixed Systems: Who Are the Winners and Losers

Pollution Problems: Must We Foul Our Own Nests

Economics of Crime and Its Prevention: How Much Is Too Much

The Economics of Education: Crisis and Reform

The Economics of Monopoly Power: Can Markets Be Controlled

The Economics of Professional Sports: What Is the Real Score

Competition in the Global Market-Place: Should We Protect Ourselves From International Trade

Economic Growth: Why Is the Economic Road so Bumpy

Money,Banking and the Financial System: Old Problems With New Twists

Unemployment and Inflation: Can We Find a Balance

Government Spending,Taxation,and the National Debt: Who Wins and Who Loses

Social Security and Medicare: How Secure Is Our Safety Net for the Elderly

Filters