FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 20: Income Inequality and Poverty

Show Answer

Share

---

All types

Filters

Study Flashcards

Question 141

Multiple Choice

Review LaterAdd Note

Review Later

Table 20-11 Poverty Thresholds in 2011, by Size of Family and Number of Related Children Under 18 Years [Dollars] -Refer to Table 20-11. What is the poverty line for a family of three with one child?

A) $17,595
B) $18,106
C) $18,123
D) $22,891

E) All of the above
F) A) and B)

Correct Answer

verified

Show Answer

Question 142

Multiple Choice

Review LaterAdd Note

Review Later

Figure 20-1 Number of Poor -Refer to Figure 20-1. The absolute number of people in poverty

A) is higher in 2011 than in 1959.
B) is lower in 2011 than in 1959.
C) has not changed between 1959 and 2011.
D) has steadily decreased between 1959 and 2011.

E) B) and D)
F) All of the above

Correct Answer

verified

Show Answer

Question 143

Multiple Choice

Review LaterAdd Note

The regular pattern of income variation over a person's life is called the

The 2011 U.S. distribution of income shows that the top 5 percent of families have approximately what share of income?

In the United States, long-term poverty, defined as a family having an income below the poverty line for eight or more years, is

Table 20-1 The following table shows the distribution of income in Marysville. -Refer to Table 20-1. If the poverty line was $31,852, what would be the poverty rate?

About half of black and Hispanic children in female-headed households live in poverty.

In 2011, what percentage of U.S. families had income levels below $75,000?

The political philosophy that views the redistribution of income as a form of social insurance is

Explain the concept of diminishing marginal utility, and describe the role that it plays in the utilitarian argument for the redistribution of income.

The distribution of income for Dismal is as follows: Number of Families Income 1,000 less than $10,000 2,000 between $10,000 and $20,000 2,000 between $20,000 and $30,000 800 between $30,000 and $40,000 200 over $40,000 If the poverty rate in Dismal is about 17 percent, what is the poverty line in Dismal?

On what type of income do many economists believe that people base their consumption?

Table 20-11 Poverty Thresholds in 2011, by Size of Family and Number of Related Children Under 18 Years [Dollars] -Refer to Table 20-11. What is the poverty line for a family of six with three children?

The poverty rate is the percentage of the population whose family income falls below the poverty line.

Which political philosophy argues that the government should choose policies deemed just, as evaluated by an impartial observer?

Temporary Assistance for Needy Families (TANF) is an example of a negative income tax program.

According to libertarians, the government should redistribute income from rich individuals to poor individuals to achieve a more equal distribution of income.

According to a utilitarian, total social utility will be maximized when marginal dollars are distributed to the people with the

In 2011, what percentage of U.S. families had income levels above $115,866?

Measures of poverty that fail to account for the value of in-kind transfers