Ch.34 Quiz

Instructions
Please read the questions carefully.

This assessment is worth 100 points.

  1. The share of income going to the highest 20 percent of income receiver is:   (4 points)

    a.  
    b.  
    c.  
    d.  

  2. People's incomes are relatively low when they are young, reach a peak in middle age, and then decline. This fact helps explain:   (4 points)

    a.  
    b.  
    c.  
    d.  

  3. Housing subsidies for low-income families:   (4 points)

    a.  
    b.  
    c.  
    d.  



  4. Refer to the above diagram. If line c represents the distribution of income in 1969, we would expect the distribution of income for 1999 to be:   (4 points)

    a.  
    b.  
    c.  
    d.  

  5. Differences in the amounts and quality of education and training:   (4 points)

    a.  
    b.  
    c.  
    d.  

  6. Which of the following would likely reduce income inequality?   (4 points)

    a.  
    b.  
    c.  
    d.  

  7. Wealth:   (4 points)

    a.  
    b.  
    c.  
    d.  

  8. Which of the following is correct?   (4 points)

    a.  
    b.  
    c.  
    d.  

  9. Which of the following helps explain growing income inequlity in the United States in recent years?   (4 points)

    a.  
    b.  
    c.  
    d.  

  10. The leaky-bucket analogy refers to:   (4 points)

    a.  
    b.  
    c.  
    d.  

  11. Which of the following demographic groups does not bear a disproportionate burden of poverty?   (4 points)

    a.  
    b.  
    c.  
    d.  

  12. The poverty rate in the United States was:   (4 points)

    a.  
    b.  
    c.  
    d.  

  13. An increase in the poverty rate:   (4 points)

    a.  
    b.  
    c.  
    d.  




  14. Refer to the above diagram where line 3 shows the poverty rate for the total U.S. population. Which line shows the poverty rate for blacks?   (4 points)

    a.  
    b.  
    c.  
    d.  

  15. The U.S. income maintenance program consists of two kinds of programs. They are:   (4 points)

    a.  
    b.  
    c.  
    d.  

  16. Which of the following is a social insurance program?   (4 points)

    a.  
    b.  
    c.  
    d.  

  17. The primary purpose of social security is to:   (4 points)

    a.  
    b.  
    c.  
    d.  

  18. Which of the following provides retirement income to qualified retirees?   (4 points)

    a.  
    b.  
    c.  
    d.  

  19. Which one of the following would increase income inequality as measured by official Census data and the quintile distribution?   (4 points)

    a.  
    b.  
    c.  
    d.  

  20. Which of the following would move the Lorenz curve closer to the diagonal?   (4 points)

    a.  
    b.  
    c.  
    d.  

  21. In a public assistance plan, a family's income subsidy will be reduced by some percentage of each dollar of earned income. This percentage is the:   (4 points)

    a.  
    b.  
    c.  
    d.  




  22. Which of the above plans entails the highest benefit-reduction rate?   (4 points)

    a.  
    b.  
    c.  
    d.  




  23. For Plan A above the minimum annual income is:   (4 points)

    a.  
    b.  
    c.  
    d.  

  24. Critics of the Personal Responsibility (welfare reform) Act of 1996 say that:   (4 points)

    a.  
    b.  
    c.  
    d.  

  25. Currently over 90 percent of all workers in the United States are covered by OASDHI.   (4 points)

    a.  
    b.  



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