For each of the following definitions, choose the correct term from below Compar

Question

For each of the following definitions, choose the correct term from below

Comparable worth

Negative income

tax Poverty line

Workfare

In-kind transfers

Lorenz curve

Means test

For each of the following descriptions, select the appropriate US government program.

Food stamps

Medicare

EITC

OASDHI

TANF

Unemployment compenstaion

Medicaid

The level of income below which a person or family is considered poor A graph showing the cumulative distribution of income compared to a perfectly equal cumulative distribution of income A non-market-wage-setting process based on the principle that employees who work for the same firm must be paid the same wage when their jobs require similar levels of education, training, experience, and responsibility A public assistance program that requires able-bodied adults to work to remain eligible for welfare benefits An insurance program, administered by state governments, that provides temporary income to people who lose their jobs A refundable federal tax credit designed to offset the payroll taxes paid by low-income wage earners The social insurance program providing benefits to retirees, disabled workers, and the survivors of deceased wage earners A means-tested cash transfer program that provides no more than 60 months of benefits to poor families in which the adults meet certain criteria regarding work An in-kind transfer program in which the government issues coupons that low-income families can use like cash for selected items in the grocery store

Explanation / Answer

Lorenz Curve: A graph showing the cumulative distribution...

Workfare: A public assistance program...

Comparable Worth: A non-market wage setting process...

Tax Poverty Line: A level of income below which a person....

Food Stamps: An in-kind transfer program...

EITC: A refundable federal tax credit designed...

OASDHI: The social insurance program providing...

TANF: A Means tested cash transfer program that provides...

Unemployment Compensation: An insurance program, admin by state governments...

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