Question 1

Explain what is meant by "in-kind transfer" programs.Briefly outline the advantages and disadvantages of an in-kind transfer program.

Accepted Answer

An in-kind transfer program distributes ...

Question 2

The poverty rate is based on a family's

Accepted Answer

A)  income,in-kind transfers,and other government aid.
B)  income and in-kind transfers.
C)  in-kind transfers only.
D)  income only.E) A) and B)
F) A) and D)

Question 3

Which of the following represents a problem in measuring inequality?

Accepted Answer

A)  Measurements of income distributions typically include in-kind transfers,which distort the measure of inequality.
B)  A normal life-cycle pattern causes inequality in the income distribution but may not reflect inequality in living standards.
C)  Transitory income is a better measure of inequality than permanent income.
D)  Both a and b are correct.E) A) and B)
F) B) and C)

Question 4

Which of the following is correct?

Accepted Answer

A)  Governments can never improve market outcomes.
B)  Governments can sometimes improve market outcomes.
C)  Governments can always improve market outcomes.
D)  Government can never make the income distribution more equal.E) A) and D)
F) B) and C)

Question 5

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

Accepted Answer

Diminishing marginal utility refers to t...

Question 6

Of the four countries below,which has the highest degree of income inequality?

Accepted Answer

A)  Japan
B)  Brazil
C)  South Africa
D)  United StatesE) A) and B)
F) None of the above

Question 7

Libertarians believe that the government should enforce individual rights to ensure that all people have the same opportunities to use their talents to achieve success.

Accepted Answer

A) True 
 B)False

Question 8

The economic life cycle describes how young people usually have higher savings rates than middle-aged people.

Accepted Answer

A) True 
 B)False

Question 9

A common criticism of welfare programs is that they

Accepted Answer

A)  create self-reliant individuals.
B)  encourage strong family values.
C)  encourage illegitimate births.
D)  have increasing benefits over time,in real terms.E) B) and C)
F) None of the above

Question 10

Relative to direct cash payments,in-kind transfers have the advantage of being

Accepted Answer

A)  more politically popular.
B)  more efficient.
C)  more respectful of the poor.
D)  of a higher dollar value than cash payments.E) None of the above
F) All of the above

Exam 20: Income Inequality and Poverty

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

Correct Answer
verified
Diminishing marginal utility refers to t...
View Answer

Explain what is meant by "in-kind transfer" programs.Briefly outline the advantages and disadvantages of an in-kind transfer program.

Correct Answer
verified
An in-kind transfer program distributes ...
View Answer

Which of the following represents a problem in measuring inequality?

Correct Answer
verified

A common criticism of welfare programs is that they

Correct Answer
verified

The economic life cycle describes how young people usually have higher savings rates than middle-aged people.

Correct Answer
verified

The poverty rate is based on a family's

Correct Answer
verified

Of the four countries below,which has the highest degree of income inequality?

Correct Answer
verified

Which of the following is correct?

Correct Answer
verified

Libertarians believe that the government should enforce individual rights to ensure that all people have the same opportunities to use their talents to achieve success.

Correct Answer
verified

Relative to direct cash payments,in-kind transfers have the advantage of being

Correct Answer
verified

Exam 20: Income Inequality and Poverty

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

Correct AnswerverifiedDiminishing marginal utility refers to t...View AnswerShow Answer

Explain what is meant by "in-kind transfer" programs.Briefly outline the advantages and disadvantages of an in-kind transfer program.

Correct AnswerverifiedAn in-kind transfer program distributes ...View AnswerShow Answer

Which of the following represents a problem in measuring inequality?

Correct AnswerverifiedShow Answer

A common criticism of welfare programs is that they

Correct AnswerverifiedShow Answer

The economic life cycle describes how young people usually have higher savings rates than middle-aged people.

Correct AnswerverifiedShow Answer

The poverty rate is based on a family's

Correct AnswerverifiedShow Answer

Of the four countries below,which has the highest degree of income inequality?

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

Libertarians believe that the government should enforce individual rights to ensure that all people have the same opportunities to use their talents to achieve success.

Correct AnswerverifiedShow Answer

Relative to direct cash payments,in-kind transfers have the advantage of being

Correct AnswerverifiedShow Answer

Correct Answer
verified
Diminishing marginal utility refers to t...
View Answer

Correct Answer
verified
An in-kind transfer program distributes ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
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