Home / Questions / According to Lerner, if we do not know people’s utility functions
According to Lerner, if we do not know people’s utility functions, we
a.cannot engage in redistributing incomes among people
b.can still assume that the marginal utility of a dollar for the rich is higher than for the
poor
c.make less of a mistake by assuming that they are equal
d.should let the market determine the distribution of income
e.should assume they are unequal because it is the most likely
112. According to advocates of income inequality, if income were to be distributed equally,
a.productivity would increase
b.it would take a little time for the distribution to become unequal again
c.efficient allocation of resources would occur
d.the MRP of the poor would rise and the MRP of the rich would fall
e.productivity would decrease
113. What economic policy would increase the Gini coefficient?
a.Raise the minimum wage.
b.Increase the income taxes of the rich.
c.Increase unemployment benefits.
d.Lower the minimum wage.
e.Raise price floors for farmers.
114. Advocates of income inequality argue that government policy designed to lower the Gini
coefficient significantly would likely cause, in the long run,
a.productivity growth
b.the poor’s share of national income to fall
c.the income of the poor to decline
d.equality of income
e.saving and investment to rise
115. The two standard ways of defining poverty thresholds are
a.percentage of median income and basic needs
b.number of poor and quintiles
c.unearned income of the poor and and welfare
d.ratio of the poor’s wealth and ratio of the poor’s income
e.below minimum wage income and above minimum wage income
116. If the poverty threshold is set at 60 percent of median income, and if median income were
$20,000, then people in poverty earn less than
a.$32,000
b.$20,000
c.$12,000
d.$6,000
e.$24,00
117. If the poverty threshold is set at 50 percent of median income, and if the poverty line is
$10,000, what is median income?
a.$50,000
b.$20,000
c.$10,000
d.$5,000
e.$25,000
118. The U.S. basic needs threshold of poverty is determined by the
a.President of the United States
b.United States’ Congress
c.Department of Commerce
d.Bureau of Labor Statistics
e.United Nations
119. Which of the following groups has the highest percentage below the poverty threshold?
Diff: 3a.householder with no high school diploma
b.family with seven or more people
c.black
d.white
e.single mothers
120. The percentage of U.S. families below the poverty line is approximately
a.5 percent
b.10 percent
c.25 percent
d.45 percent
e.65 percent
Dec 12 2019 View more View Less
A SECOND STUDY Organizational Learning Impact On Green Innovation: the mediating role of absorptive capacity "A Case Study at Al-Youm Food Company" Jordan. Question Five:...
Apr 02 2021Let p(x) = x/15, x = 1, 2, 3, 4, 5 be probability mass function of a random variable X. Determine F, the distribution function of X, and sketch its graph.
Aug 03 2020The following are the behavior of people with negative attitude, except; O a. Dislike to take responsibility O b. Need to be forced to complete the work O c. Dislike the ...
Apr 09 2021Should the firm try to deliver its offerings directly to customers, or can it better deliver selected offerings by involving other organizations? What channel(s) should b...
Jul 22 2021A transformer is delivering power to a 300-Q resistive load. To achieve the desired power transfer, the turns ratio is chosen so that the resistive load referred to the p...
Jun 18 2020Fred Stoneâs business has grown so fast and big that he needs help doing the accounting so he can concentrate on marketing his business. He has decided to hire three ac...
Aug 02 2021Simple Deferred Tax Liability: The company had sales for the year of $100,000. Of these sales, only $70,000 was collected in cash. The other $30,000 is expected to be col...
Aug 10 2021The market rate of return is 10.8 percent and the risk-free rate is 4.45 percent. Galaxy Co. has 17 percent more systematic risk than the overall market and has a dividen...
Nov 30 2019Can somebody confirm to me the relationship between voltage, current and resistance for both parallel and series?
Apr 17 2020At the equilibrium of N2(g)+O2(g) 2NO(g) the concentrations of N2, O2 and NO are :N2(g)= 0.0035 MO2(g)=0.0064 M NO(g)=0.0028 MWhat is the value of Kc for the reaction.
May 17 2021