Holt 7525-9 S15_IT

___ 2. In 2013, the Lowest Income 60 percent of households had about what percentage of total
moneyincome?
a. 23.4%
b. 26.0%
c. 46.6%
d. 60.0%
___ 3. Households in the Lowest Income 20%:
a. usually have at least one full-time, year-round worker
b. usually remain in this Group for decades
c. Both of the above
d. Neither of the above
___ 4. The degree of income inequality can be expressed with a:
a. Laffer curve
b. Lorenz curve
c. Lector curve
d. Philips curve
___ 5. Income is more unequally distributed:
a. than wealth
b. today than it was 40 years ago
c. at a point in time than over the course of a lifetime
d. Both b. and c. above
___ 6. Human capital can be acquired:
a. only through education
b. equally well on any job
c. more on some jobs than others
___ 7. Wrongful employment discrimination:
a. occurs when employers make hiring, promotion, and pay decisions based on factors
unrelated to worker productivity
b. in competitive markets, puts the discriminating employer at a competitive
disadvantage
c. Both of the above
d. Neither of the above
___ 8. The marginal productivity standard of income distribution:
a. provides maximum incentive for productivity
b. requires government redistribution of income
c. is based on the theory that a dollar of income provides greater utility to a poor
person than to a rich person
d. All of the above
___ 9. Income redistribution:
a. may increase total utility for society
b. may decrease the total quantity of production so much that total utility for society
decreases
c. Both of the above
d. Neither of the above
___ 10. The largest income redistribution programs:
a. are funded solely by highly progressive taxation
b. pay benefits mainly to those below the poverty line
c. Both of the above
d. Neither of the above
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31 - 15 Income Distribution and Redistribution