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Which of the following was not given as a reason for income differences in the text? a.lu

Which of the following was not given as a reason for income differences in the text?

a.luck

b.low minimum wage

c.wage discrimination

d.risk taking

 

 

 

22.Which of the following statements is true?

a.Some degree of income inequality is due to the fact that individuals are innately different and make different choices.

b.No income inequality is due to good or bad luck.

c.People who agree on the factors that cause income inequality may not agree on the importance of the different factors.

d.a and c

e.a, b, and c

 

 

 

23.Which of the following is a definition of poverty in absolute terms?

a.A family is in poverty if it receives less than $10,000 a year in money income.

b.A family is in poverty if it receives an income that places it in the lowest 5 percent of family income recipients.

c.A family is in poverty if the majority of families receive more income than it receives.

d.a, b, and c

 

 

 

24.If we define poverty as income below $10,000 per year, we have set a(n) __________ definition of poverty.

a.relative

b.constrained

c.absolute

d.denominated

 

 

 

25.The existence of which of the following leads to an overestimate of the number of persons in poverty?

a.unreported income

b.in-kind benefits received by the poor

c.uncounted homeless persons

d.a and b

e.a, b, and c

 

 

 

26.If we define poverty using absolute terms, it follows that

a.people are poor if they earn less than a specified income level.

b.there can be situations in which no one would be considered poor.

c.poverty exists if the Gini coefficient is small.

d.b and c

e.a and b

 

 

 

27.In 2009, the top 20 percent of households in the United States earned collectively approximately what percent of the total income of all households?

a.20 percent

b.30 percent

c.40 percent

d.50 percent

e.60 percent

 

 

 

28.Which of the following statements is false?

a.There are more poor white persons than there are poor African-American persons.

b.People are more likely to be poor when they are young than at any other time.

c.Families headed by females are more likely to be poor than families headed by males.

d.The uneducated and poorly educated are more likely to be poor than the educated.

e.none of the above

 

 

 

29.Differences in income result from differences in

a.innate abilities and attributes.

b.education and other training.

c.attitudes toward risk.

d.a and b

e.a, b, and c

 

 

 

30.The Lorenz curve of perfect income equality is a

a.vertical line.

b.horizontal line.

c.45-degree line.

d.downward-sloping line.

e.line with a slope of negative 1.

Dec 09 2019 Read more Less More

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