EBK FOUNDATIONS OF ECONOMICS
8th Edition
ISBN: 8220103632225
Author: PARKIN
Publisher: PEARSON
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Chapter 20, Problem 5MCQ
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The correct option
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All of the following are sources of inequality in the distribution of personal income EXCEPT
a. progressive income taxes
b. discrimination in employment
c. differences in personal motivation
d. differences in educational level attained
e. differences in abilities
Economic inequality arises from all of the following except
A. a shortage of high-skilled labor
B. inequality of human capital
O c. inequality of education attainment
OD. discrimination
O
11₁
Which of the following statements are true about income inequality? Choose all that apply.
A. Income inequality in the United States can be largely blamed on corruption.
B. Extreme income inequality can be harmful to society
C. Income inequality in the United States has improved dramatically over the last few decades
D. Income inequality will likely always exist in free societies with free markets
Chapter 20 Solutions
EBK FOUNDATIONS OF ECONOMICS
Ch. 20 - Prob. 1SPPACh. 20 - Prob. 2SPPACh. 20 - Prob. 3SPPACh. 20 - Prob. 4SPPACh. 20 - Prob. 5SPPACh. 20 - Prob. 6SPPACh. 20 - Prob. 7SPPACh. 20 - Prob. 8SPPACh. 20 - Prob. 9SPPACh. 20 - Prob. 1IAPA
Ch. 20 - Prob. 2IAPACh. 20 - Prob. 3IAPACh. 20 - Prob. 4IAPACh. 20 - Prob. 5IAPACh. 20 - Prob. 6IAPACh. 20 - Prob. 7IAPACh. 20 - Prob. 8IAPACh. 20 - Prob. 9IAPACh. 20 - Prob. 10IAPACh. 20 - Prob. 11IAPACh. 20 - Prob. 1MCQCh. 20 - Prob. 2MCQCh. 20 - Prob. 3MCQCh. 20 - Prob. 4MCQCh. 20 - Prob. 5MCQCh. 20 - Prob. 6MCQCh. 20 - Prob. 7MCQ
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- Describe how each of these changes is likely to affect poverty and inequality: Incomes rise for low-income and high-income workers, but rise more for the high-income earners. Incomes fall for low-income and high-income workers, but fall more for high-income earners.arrow_forward21. Government policies to reduce inequality and poverty include all of the following except a) Progressive income taxes b) The graduated licensing system c) Transfer payments d) Education policies e) Training programs..arrow_forwardQuestion 15 Which of the below statements is INCORRECT with regard to poverty in the U.S.? The poverty threshold was created my Mollie Orshansky of the Social Security Administration, in the 1960s. The "poverty threshold," "poverty guidelines" and "poverty line" are identical numbers and are all used for exactly the same purpose. For the year 2021, a single individual making less than $12,880 in any of the 48 contiguous states, falls below the poverty line. For the year 2021, a four person family making less that $29,200 a year in any of the 48 contiguous states, falls below the poverty line.arrow_forward
- Which of the following factors does NOT contribute to income inequality? A. THE RISE OF TWO-EARNER HOUSEHOLDS B. DIFFERENCES IN HUMAN CAPITAL C. DISCRIMINATION IN THE WORKPLACE D. GOVERNMENT POLICIES ON TAXES AND MINIMUM WAGE E. AN INCREASE IN AFTER-SCHOOL PROGRAMSarrow_forward1.What factors contribute to the differences in median income for various ethnic groups?arrow_forward12. Assume that the absolute poverty line is $120 in Pakistan. The total population of Pakistan is 194 million and the number of people in Pakistan whose incomes fall below the absolute poverty line is 102 million. The headcount ratio or headcount index of Pakistan is: a. 52.6% b. 190% c. 1.90% d. .526%arrow_forward
- 97. If the United States is to reduce poverty by using a negative income tax, the guaranteed income should be a. above the poverty line. b. close to the median income of all families. c. two times the tax rate. d. close to the poverty line.arrow_forwardWhich of the following statements is true? 1. Discrimination against women and blacks reduces the demand for these workers resulting in lower wages paid these workers. 2. Discrimination is no longer a problem in the United States. 3. A negative income tax system is a plan where everyone pays the same percentage of their income as taxes. 4. A negative income tax system is a plan where those below a certain income receive a cash payment from government.arrow_forward
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