Question 1

What is wealth?

Accepted Answer

A)   The net value of a person's house and cars
B)   The sum total of a person's assets, minus debt
C)   A person's annual income
D)   The combined income of members of a family B

Question 2

Pawnshops and high-fee check cashing services are examples of:

Accepted Answer

A)   subprime loans
B)   racially segregated services
C)   predatory lenders
D)   ethnic enclave economies C

Question 3

According to a study by Krysan and Farley, which of the following statements is true about neighborhood segregation and preferences among racial groups?

Accepted Answer

A)   Both Black and White individuals prefer to live in segregated neighborhoods.
B)   Most White individuals prefer to live in predominantly White neighborhoods.
C)   Most Black individuals prefer to live in predominantly Black neighborhoods .
D)   Both Black and White individuals prefer to live in mixed neighborhoods. B

Question 4

What is the difference between the dissimilarity index and the isolation index?

Accepted Answer

The answer of What is the difference between the dissimilarity...

Question 5

Racial segregation is often associated with ________, which in turn leads to under-resourced neighborhoods with poor public schools, high levels of crime, and high unemployment rates.

Accepted Answer

A)   low literacy levels
B)   concentrated poverty
C)   low-skilled jobs
D)   hazardous waste sites

Question 6

The only group that, on average, lives in a primarily White neighborhood is Asians.

Accepted Answer

A) True 
 B)False

Question 7

What is the relationship between race and class in terms of neighborhood segregation?

Accepted Answer

A)   Concentration in an underresourced neighborhood depends entirely on class, not race
B)   Only poor Black and Latinx families tend to experience hypersegregation in underresourced neighborhoods
C)   Both poor and middle-class Black and Latinx families experience hypersegregation in underresourced neighborhoods, but affluent families are shielded from segregation
D)   Black and Latinx families of all economic statuses, including the affluent, are more likely than White families to live in underresourced neighborhoods

Question 8

Whites disproportionately benefited from U.S. housing policies because it was easier for White people to purchase homes and:

Accepted Answer

A)   to secure subprime loans
B)   the homes that Whites bought increased in value more rapidly because of the perceived desirability of all-White neighborhoods
C)   unlike Blacks who have more invested in stocks, most Whites' wealth comes from their homes, which never depreciate in value
D)   Latinxs were unilaterally banned from taking advantage of FHA loans due to immigration policy reforms

Question 9

Which of the following is one of the primary driving forces behind racial disparities in wealth?

Accepted Answer

A)   affirmative action
B)   home ownership
C)   job training
D)   annual income

Question 10

Explain how wealth inequality and income inequality are different, yet linked.

Accepted Answer

The answer of Explain how wealth inequality and income inequality...

Question 11

The top 20 percent of the U.S. population controls over 80 percent of the wealth.

Accepted Answer

A) True 
 B)False

Question 12

Why do scholars sometimes refer to African Americans in urban areas as hypersegregated?

Accepted Answer

A)   Because African Americans prefer to live around other African Americans and therefore purchase properties in urban areas
B)   Because urban residential segregation is unique in that it is also associated with higher property values and therefore more wealth
C)   Because unlike other non-White groups, African Americans are keenly aware of the negative effects of residential segregation are constantly working to escape it
D)   Because compared to other racial and ethnic minorities, African Americans experience notably high levels of segregation

Question 13

Blacks and Latinxs derived much less proportions of their wealth from their homes than Whites.

Accepted Answer

A) True 
 B)False

Question 14

Explain how racial segregation exacerbates existing racial inequalities in the United States.

Accepted Answer

The answer of Explain how racial segregation exacerbates existing racial...

Question 15

Is it correct to state that residential segregation is due to African Americans' preferences to live among other African Americans? Why or why not?

Accepted Answer

The answer of Is it correct to state that residential...

Question 16

Which factor accounts for wealth gaps between Black and White families with the same levels of educational attainment?

Accepted Answer

A)   African American families tend to purchase homes later in life because they face more obstacles in home buying than White
B)   Black homeowners are less likely to build up equity over the years because of residential segregation
C)   White families are more likely to receive financial assistance in purchasing a home from their family members.
D)   All of the above

Question 17

Subprime loans are:

Accepted Answer

A)   loans designated for use in urban markets
B)   high-interest loans given to people at high risk of defaulting
C)   loans reserved for home buyers who have at least a $100,000 down payment
D)   low-interest loans subsidized through the Federal Housing Act

Question 18

Identify and discuss how U.S. government housing policies, passed between 1933 and 1978, increased the wealth of Whites, while denying the same opportunities to African Americans.

Accepted Answer

The answer of Identify and discuss how U.S. government housing...

Question 19

One of the most longstanding consequences of segregation is that Black families in Black neighborhoods are unable to build up home equity and therefore lag far behind White families in wealth accumulation.

Accepted Answer

A) True 
 B)False

Question 20

Melvin Oliver and Thomas Shapiro make a case for _______ as a proactive means of narrowing the wealth gap.

Accepted Answer

A)   residential segregation
B)   racially restrictive covenants
C)   asset-based social policy
D)   race-based channeling

Exam 8: Inequality in Housing and Wealth

What is wealth?

Pawnshops and high-fee check cashing services are examples of:

According to a study by Krysan and Farley, which of the following statements is true about neighborhood segregation and preferences among racial groups?

What is the difference between the dissimilarity index and the isolation index?

Racial segregation is often associated with ________, which in turn leads to under-resourced neighborhoods with poor public schools, high levels of crime, and high unemployment rates.

The only group that, on average, lives in a primarily White neighborhood is Asians.

What is the relationship between race and class in terms of neighborhood segregation?

Whites disproportionately benefited from U.S. housing policies because it was easier for White people to purchase homes and:

Which of the following is one of the primary driving forces behind racial disparities in wealth?

Explain how wealth inequality and income inequality are different, yet linked.

The top 20 percent of the U.S. population controls over 80 percent of the wealth.

Why do scholars sometimes refer to African Americans in urban areas as hypersegregated?

Blacks and Latinxs derived much less proportions of their wealth from their homes than Whites.

Explain how racial segregation exacerbates existing racial inequalities in the United States.

Is it correct to state that residential segregation is due to African Americans' preferences to live among other African Americans? Why or why not?

Which factor accounts for wealth gaps between Black and White families with the same levels of educational attainment?

Subprime loans are:

Identify and discuss how U.S. government housing policies, passed between 1933 and 1978, increased the wealth of Whites, while denying the same opportunities to African Americans.

One of the most longstanding consequences of segregation is that Black families in Black neighborhoods are unable to build up home equity and therefore lag far behind White families in wealth accumulation.

Melvin Oliver and Thomas Shapiro make a case for _______ as a proactive means of narrowing the wealth gap.