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This is a ten question multiple-choice quiz covering the material in this Unit. I hope you do well!
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Question 1 of 10
1. Question
10 pointsA system of income inequality:
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Question 2 of 10
2. Question
10 pointsWhich of the following is true about income inequality?
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Question 3 of 10
3. Question
10 pointsAccording to our text, which of the following is a common misconception (something not true) about income inequality?
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Question 4 of 10
4. Question
10 pointsIn the United States, the gap between the higher-income groups and the lower-income groups, as a percentage of what they earn relative to the country’s total earnings, has widened the past several decades. Therefore, we can conclude that:
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Question 5 of 10
5. Question
10 pointsWe can probably never eliminate poverty completely. However, the following are common ways to help avoid poverty, except one. According to our text, which of these is not a common factor in reducing a person’s chances to become poor?
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Question 6 of 10
6. Question
10 pointsCountry A has a Gini coefficient of .8 (point 8), and country B has a Gini coefficient of .2 (point 2). Which of the following can we conclude?
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Question 7 of 10
7. Question
10 pointsWhich of the following is true about poverty in the United States?
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Question 8 of 10
8. Question
10 pointsThe Lorenz Curve is a curve that illustrates a country’s income inequality. The straighter the curve:
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Question 9 of 10
9. Question
10 pointsWhich of the following is incorrect (not true) about marginal and average tax rates?
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Question 10 of 10
10. Question
10 pointsWhich of the following represents an example of a regressive income tax?
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