Question 1

When measuring international poverty:

Accepted Answer

A)  absolute measures of poverty are not used, because prices are different around the world.
B)  economists typically compare the relative wealth of one country to another.
C)  the purchasing power parity (PPP) index can be used to make absolute poverty measures comparable across countries.
D)  we set the U.S. poverty rate to zero and view other country's rates as positive or negative relative to that of the United States.E) A) and B)
F) A) and C)

Question 2

Retirement benefits are less like _______ and more like _______.

Accepted Answer

A)  social insurance programs; social savings programs
B)  private insurance; collective savings program
C)  savings programs; private insurance
D)  None of these are true.E) B) and C)
F) A) and C)

Question 3

Unemployment insurance pools risk across _______ while Social Security and Medicare pools risk across _______.

Accepted Answer

A)  time; the labor force
B)  the labor force; all retired people
C)  time; age
D)  the labor force; timeE) B) and C)
F) A) and D)

Question 4

The set of skills, knowledge, experience, and talent that determine people's productivity as workers is called:

Accepted Answer

A)  physical capital.
B)  investment.
C)  human capital.
D)  educational training.E) A) and B)
F) A) and C)

Question 5

Bad health is an example of a:

Accepted Answer

A)  social digression.
B)  poverty trap.
C)  societal trap.
D)  None of these are true.E) A) and B)
F) C) and D)

Question 6

Over the last few decades, income inequality in the United States has _______, mostly as a result of _______.

Accepted Answer

A)  increased; the poor getting poorer
B)  increased; gains by the rich
C)  decreased; gains by the poor
D)  decreased; general stagnation in the economyE) A) and B)
F) C) and D)

Question 7

The Gini coefficient measures:

Accepted Answer

A)  income inequality.
B)  poverty prevalence.
C)  average income per person.
D)  change in average income per person over time.E) B) and C)
F) None of the above

Question 8

Programs that provide goods or services, rather than cash, directly to needy individuals or households are called:

Accepted Answer

A)  social insurance.
B)  in-kind transfers.
C)  economic growth.
D)  conditional cash-transfers.E) None of the above
F) C) and D)

Question 9

Perfect income equality means everyone in a society:

Accepted Answer

A)  earns exactly what they're worth.
B)  earns the exact same amount.
C)  earns the same amount, depending on the same job performed.
D)  enjoys exactly the same standard of living.E) A) and B)
F) B) and C)

Question 10

Overall, rapid economic growth over the last 25 years has _______ the global poverty rate by _______.

Accepted Answer

A)  increased; fifty percent
B)  decreased; nearly half
C)  decreased; approximately two-thirds
D)  increased; nearly doubleE) None of the above
F) All of the above

Question 11

Differences in earnings between racial groups are due in part to differences in: inherent ability to achieve. educational attainment. geographical location.

Accepted Answer

A)  I only
B)  II and III only
C)  I and II only
D)  I, II, and IIIE) A) and D)
F) A) and B)

Question 12

The Lorenz curve maps:

Accepted Answer

A)  the cumulative percentage of the population against the cumulative percentage of income earned.
B)  each quintile of the population in order of income earned against the average income earned.
C)  GDP per capita against what people really earn by quintile.
D)  None of these are true.E) All of the above
F) A) and C)

Question 13

Self- reinforcing mechanisms that cause the poor to stay poor are called:

Accepted Answer

A)  social aberrances.
B)  social networks.
C)  poverty traps.
D)  societal traps.E) A) and C)
F) None of the above

Question 14

The basics of the welfare state in the United States started as part of:

Accepted Answer

A)  reparations after WWI in the late 1910s.
B)  the Bretton Woods plan after WWII in the 1940s.
C)  the New Deal legislation in the 1930s.
D)  the Great Recession Recovery and Aid Acts in the 2000s.E) None of the above
F) A) and C)

Exam 21: Poverty, Inequality, and Discrimination

Self- reinforcing mechanisms that cause the poor to stay poor are called:

Correct Answer
verified

The basics of the welfare state in the United States started as part of:

Correct Answer
verified

Programs that provide goods or services, rather than cash, directly to needy individuals or households are called:

Correct Answer
verified

Overall, rapid economic growth over the last 25 years has _ the global poverty rate by _.

Correct Answer
verified

The Lorenz curve maps:

Correct Answer
verified

Retirement benefits are less like _ and more like _.

Correct Answer
verified

Bad health is an example of a:

Correct Answer
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Unemployment insurance pools risk across _ while Social Security and Medicare pools risk across _.

Correct Answer
verified

When measuring international poverty:

Correct Answer
verified

The set of skills, knowledge, experience, and talent that determine people's productivity as workers is called:

Correct Answer
verified

Perfect income equality means everyone in a society:

Correct Answer
verified

The Gini coefficient measures:

Correct Answer
verified

Differences in earnings between racial groups are due in part to differences in: inherent ability to achieve. educational attainment. geographical location.

Correct Answer
verified

Over the last few decades, income inequality in the United States has _, mostly as a result of _.

Correct Answer
verified

Exam 21: Poverty, Inequality, and Discrimination

Self- reinforcing mechanisms that cause the poor to stay poor are called:

Correct AnswerverifiedShow Answer

The basics of the welfare state in the United States started as part of:

Correct AnswerverifiedShow Answer

Programs that provide goods or services, rather than cash, directly to needy individuals or households are called:

Correct AnswerverifiedShow Answer

Overall, rapid economic growth over the last 25 years has _______ the global poverty rate by _______.

Correct AnswerverifiedShow Answer

The Lorenz curve maps:

Correct AnswerverifiedShow Answer

Retirement benefits are less like _______ and more like _______.

Correct AnswerverifiedShow Answer

Bad health is an example of a:

Correct AnswerverifiedShow Answer

Unemployment insurance pools risk across _______ while Social Security and Medicare pools risk across _______.

Correct AnswerverifiedShow Answer

When measuring international poverty:

Correct AnswerverifiedShow Answer

The set of skills, knowledge, experience, and talent that determine people's productivity as workers is called:

Correct AnswerverifiedShow Answer

Perfect income equality means everyone in a society:

Correct AnswerverifiedShow Answer

The Gini coefficient measures:

Correct AnswerverifiedShow Answer

Differences in earnings between racial groups are due in part to differences in: inherent ability to achieve. educational attainment. geographical location.

Correct AnswerverifiedShow Answer

Over the last few decades, income inequality in the United States has _______, mostly as a result of _______.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Overall, rapid economic growth over the last 25 years has _ the global poverty rate by _.

Correct Answer
verified

Correct Answer
verified

Retirement benefits are less like _ and more like _.

Correct Answer
verified

Correct Answer
verified

Unemployment insurance pools risk across _ while Social Security and Medicare pools risk across _.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Over the last few decades, income inequality in the United States has _, mostly as a result of _.

Correct Answer
verified