Which of the following statements is a positive economic statement?
A) Government programs to help the poor are just making problems worse.
B) One in every five children in the United States is living in poverty.
C) Increases in poverty rates signify a deterioration of the U.S. economy.
D) The number of families living in poverty in the United States is high.
Which of the following statements is a positive economic statement?
A) Government programs to help the poor are just making problems worse.
B) One in every five children in the United States is living in poverty.
C) Increases in poverty rates signify a deterioration of the U.S. economy.
D) The number of families living in poverty in the United States is high.
Related textbook solutions
Related questions
The poverty threshold for a household with one person in 2010 was:
| Ā | A. |
about $25,600. |
| Ā | B. |
about $21,100. |
| Ā | C. |
about $11,300. |
| Ā | D. |
about $38,000. |
Compared to a generation ago, public aid programs that are likely to benefit families have received:
| Ā | A. |
less funding. |
| Ā | B. |
about the same level of funding. |
| Ā | C. |
no funding. |
| Ā | D. |
more funding. |
There is considerable ________ among the quintiles of the distribution of income, with many families moving from ________ and others moving from ________ quintiles.
| Ā | A. |
immobility; lower to lower; higher to higher |
| Ā | B. |
immobility; lower to higher; higher to lower |
| Ā | C. |
stability; lower to higher; higher to higher |
| Ā | D. |
mobility; higher to lower; lower to higher |
The ________ is widely used to measure income inequality.
| Ā | A. |
median household income |
| Ā | B. |
ability-to-pay principle |
| Ā | C. |
poverty rate |
| Ā | D. |
Gini coefficient |
Medicaid is funded by:
| Ā | A. |
private charities. |
| Ā | B. |
federal and state governments. |
| Ā | C. |
state governments only. |
| Ā | D. |
the federal government only. |
Private health insurance is funded by:
| Ā | A. |
members of a large pool of individuals, each paying a fixed premium to a private company that agrees to pay most of the medical expenses of the members. |
| Ā | B. |
tax contributions to Medicare. |
| Ā | C. |
the government. |
| Ā | D. |
people who are extremely ill who pay very high premiums. |
n the United States, the government pays _______ of all medical costs.
| Ā | A. |
between 70% and 80% |
| Ā | B. |
approximately 50% |
| Ā | C. |
100% |
| Ā | D. |
less than 20% |
Which of the following programs represents in-kind transfers?
| Ā | A. |
Medicaid |
| Ā | B. |
Temporary Assistance for Needy Families |
| Ā | C. |
the Earned Income Tax Credit |
| Ā | D. |
Social Security |
Children raised in poverty have a greater likelihood of living in poverty as adults than do those raised in nonpoor families, because low income is highly correlated with higher:
| Ā | A. |
high school dropout rates. |
| Ā | B. |
high school dropout rates, risk of mental problems and behavioral disorders, and with higher rates of illness and hospitalization. |
| Ā | C. |
risk of mental problems and behavioral disorders. |
| Ā | D. |
rates of illness and hospitalization. |
1. Because many men traditionally have not produced a lot of household commodities
| a. | they are more likely to reduce hours of work after a decrease in their wage rate |
| Ā | b. their income effect is likely to be smaller than that of women |
| Ā | c. they can more easily substitute leisure for household production |
| d. | they are less likely to reduce hours of work after a decrease in their wage rate |
2. One of the main changes in the typical family in the United States over the past 30-40 years has been
| Ā | a. non-marital births have decreased appreciably |
| Ā | b. marriage has declined while cohabitation has risen |
| Ā | c. single-parent families have fallen considerably |
| Ā | d. median age at first marriage has decreased |
3. A single mother is currently paying childcare cost of $10 an hour and she works 8 hours a day. The government then decides to provides child care at a constant $80 a day. The effect of this event will be to:
| Ā | a. cause the mother to work more hours |
| Ā | b. cause the mother to work less hours |
| Ā | c. cannot tell without knowing which effect dominates: the income or substitution effect |
| Ā | d. cause the mother to work the same hours |
4. Which statement correctly describes the relationship between Marriage and Poverty?
| Ā | a. poverty as a whole can be solved by people just having children |
| Ā | b. Children who grow up in a dual parent household are significantly more likely to experience poverty |
| Ā | c. Children who grow up in a dual parent household are significantly less likely to experience poverty |
| Ā | d. poverty as a whole can be solved by people just staying married |
5. The real determining "discriminatory" factor in higher education today is
| a. | "out of state" status |
| b. | race |
| Ā | c. income |
| Ā | d. gender |
