Question 1

In recent decades,richer countries have experienced __________ inequality,and poor countries have experienced ____________ inequality.

Accepted Answer

A)  increasing;increasing
B)  increasing;decreasing
C)  decreasing;increasing
D)  decreasing;decreasingE) A) and D)
F) B) and C)

Question 2

Today the greatest number of poor is _________ Americans,but the poverty rate for __________ is higher.

Accepted Answer

A)  white;black and Hispanic
B)  black;white
C)  black;Hispanic
D)  white;HispanicE) None of the above
F) B) and D)

Question 3

Bad health is an example of:

Accepted Answer

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

Question 4

Which of the following area of the world experienced virtually no change in its poverty rate from 1981 to 2008?

Accepted Answer

A)  sub-Saharan Africa
B)  China
C)  South Asia
D)  IndiaE) A) and B)
F) C) and D)

Question 5

By monitoring financial diaries of several of the world's poorest families,economists found that a challenge facing the poor was:

Accepted Answer

A)  they did not have the financial tools available to save.
B)  their income is quite inconsistent,in addition to being low.
C)  they actively need to manage their money.
D)  All of these are true.E) B) and D)
F) C) and D)

Question 6

In recent decades,countries with high economic growth have experienced _______ inequality,and those with low rates of growth have experienced __________ inequality.

Accepted Answer

A)  increasing;increasing
B)  increasing;decreasing
C)  decreasing;increasing
D)  decreasing;decreasingE) B) and D)
F) B) and C)

Question 7

Long-term solutions to communitywide poverty must involve:

Accepted Answer

A)  ways to grow the economy.
B)  increasing the value of the currency.
C)  democratic leadership.
D)  All of these are true.E) A) and D)
F) A) and C)

Question 8

In the United States,the top 20 percent of income earners earn:

Accepted Answer

A)  over 50 percent of total income.
B)  over 60 percent of total income.
C)  over 70 percent of total income.
D)  just under 40 percent of total income.E) None of the above
F) A) and C)

Question 9

Temporary Assistance to Needy Families is a government program with the goal of:

Accepted Answer

A)  social insurance.
B)  redistribution.
C)  economic growth.
D)  None of these is true.E) A) and B)
F) None of the above

Question 10

The Lorenz curve maps:

Accepted Answer

A)  the cumulative percentage of the population against the cumulative percentage of income earned by those people.
B)  each quintile of the population in order of income-earned against the average income earned by those people.
C)  GDP per capita against what people really earn by quintile.
D)  None of these describes what the Lorenz curve maps.E) B) and C)
F) B) and D)

Question 11

A credit constraint is:

Accepted Answer

A)  the inability to get a loan even though a person expects to be able to repay the loan plus interest.
B)  the inability to repay a loan even though a person has acceptable credit history.
C)  the ability to take on more loans than one can repay.
D)  the maximum amount of load one is entitled to take.E) C) and D)
F) B) and D)

Question 12

Temporary Assistance to Needy Families:

Accepted Answer

A)  replaced Aid to Families with Dependent Children.
B)  is a conditional cash transfer program.
C)  is more like social insurance rather than redistributive in nature.
D)  All of these are true.E) C) and D)
F) None of the above

Question 13

Creating policy with the goal of increasing economic growth would be considered:

Accepted Answer

A)  to indirectly help eliminate poverty.
B)  to indirectly hurt efforts to eliminate poverty.
C)  to only help if directed toward poor areas.
D)  None of these is true.E) None of the above
F) A) and B)

Question 14

In situations where businesses who choose discriminate because they are prejudiced are few in an industry,discrimination:

Accepted Answer

A)  will be eliminated by the competitive market.
B)  will persist because customers will not give them patronage.
C)  will persist in an efficient market.
D)  None of these is true.E) A) and C)
F) A) and B)

Question 15

A Gini coefficient of zero indicates:

Accepted Answer

A)  perfect equality.
B)  perfect inequality.
C)  there is no income being earned.
D)  Computed correctly the Gini coefficient only has values greater than zero.E) B) and C)
F) A) and C)

Question 16

Understanding the potential for tradeoffs between __________ is an important consideration when designing poverty policy.

Accepted Answer

A)  equity and efficiency
B)  the rich and the poor
C)  the old and the young
D)  All of these are true.E) None of the above
F) C) and D)

Question 17

In the United States today,households headed by single women are more likely to be poor than:

Accepted Answer

A)  white males.
B)  black males.
C)  Hispanic males.
D)  All of these are true.E) A) and B)
F) None of the above

Question 18

Over the last 50 years,the rich have:

Accepted Answer

A)  become richer,and the poor have become richer,too.
B)  become richer,and the poor have become poorer.
C)  become relatively poorer,and the poor have become relatively richer.
D)  become relatively poorer,and the poor have become relatively poorer,too.E) C) and D)
F) None of the above

Question 19

Economists understand that using statistical discrimination can be rational for an individual employer,but that doesn't necessarily make it:

Accepted Answer

A)  right.
B)  socially efficient.
C)  legal.
D)  All of these are likely true.E) B) and C)
F) B) and D)

Question 20

In the United States,the official poverty line is based on:

Accepted Answer

A)  the price of food.
B)  the price of housing.
C)  the price of clothing.
D)  the average income of the lowest quartile of income earners.E) A) and B)
F) A) and C)

Exam 21: Poverty, Inequality, and Discrimination

Over the last 50 years,the rich have:

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Temporary Assistance to Needy Families:

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In recent decades,richer countries have experienced __________ inequality,and poor countries have experienced ____________ inequality.

Correct AnswerverifiedShow Answer

Temporary Assistance to Needy Families is a government program with the goal of:

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Creating policy with the goal of increasing economic growth would be considered:

Correct AnswerverifiedShow Answer

A credit constraint is:

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By monitoring financial diaries of several of the world's poorest families,economists found that a challenge facing the poor was:

Correct AnswerverifiedShow Answer

Long-term solutions to communitywide poverty must involve:

Correct AnswerverifiedShow Answer

Which of the following area of the world experienced virtually no change in its poverty rate from 1981 to 2008?

Correct AnswerverifiedShow Answer

The Lorenz curve maps:

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Bad health is an example of:

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In the United States,the top 20 percent of income earners earn:

Correct AnswerverifiedShow Answer

In the United States today,households headed by single women are more likely to be poor than:

Correct AnswerverifiedShow Answer

Economists understand that using statistical discrimination can be rational for an individual employer,but that doesn't necessarily make it:

Correct AnswerverifiedShow Answer

In the United States,the official poverty line is based on:

Correct AnswerverifiedShow Answer

Today the greatest number of poor is _________ Americans,but the poverty rate for __________ is higher.

Correct AnswerverifiedShow Answer

Understanding the potential for tradeoffs between __________ is an important consideration when designing poverty policy.

Correct AnswerverifiedShow Answer

In recent decades,countries with high economic growth have experienced _______ inequality,and those with low rates of growth have experienced __________ inequality.

Correct AnswerverifiedShow Answer

In situations where businesses who choose discriminate because they are prejudiced are few in an industry,discrimination:

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A Gini coefficient of zero indicates:

Correct AnswerverifiedShow Answer

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In recent decades,richer countries have experienced inequality,and poor countries have experienced __ inequality.

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Today the greatest number of poor is _ Americans,but the poverty rate for __ is higher.

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In recent decades,countries with high economic growth have experienced _ inequality,and those with low rates of growth have experienced ____ inequality.

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