Exam 18: The Economics of the Welfare State

Political conservatives and liberals:

Studies of family income over time reveal that:

Programs that are not means-tested:

Insurance companies attempt to minimize adverse selection by:

Redistribution programs are means-tested.To qualify for such a program,a person must demonstrate that:

Most Canadians receive their health insurance through:

In 2016,the poverty line (threshold)for a single parent family was:

If you were to support the provision of a particular economic policy without knowing your own economic status,you would be operating:

Sometimes healthy people drop their health insurance,leaving only sicker people to buy insurance.This phenomenon creates a situation known as:

Children raised in poverty are more likely to live in poverty as adults than are other children because low income is highly correlated with: I.higher high school dropout rates. II.a greater risk of mental problems and behavioural disorders. III.higher rates of illness and hospitalization.

Employment insurance is a(n)_____ that is _____.

Community rating is a regulation that requires:

In Canada and other wealthy countries,a large part of the welfare state is devoted to payments for:

_____ is/are a means-tested monetary benefit in a welfare program.

The rising income gap among highly educated workers in Canada:

The negative income tax:

Suppose,the Canadian Gini coefficient was 0.47.This suggests that:

When adverse selection occurs,healthy people pay premiums that are _____ their actual health care costs.

The problem with community rating is that it:

The poverty line (threshold)is defined as: