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Which of the following is an example of a government program that provides cash assistance to the poor?

Select one:

a. Temporary Assistance for Needy Families (TANF)

b. Medicaid

c. food stamps

d. public housing

e. Head Start

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Which of the following statements is true about the Marxists argument in favor of an egalitarian income distribution?

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a. Aside from the very rich, people are disposed toward income equality.

b. Private property originates from theft and it is this property that creates unequal distribution of income.

c. Government (welfare) and private charity doesnt work.

d. Human beings are imperfect, and it is the unequal distribution of income that reflects this imperfection.

e. Although income equality does not support the most efficient use of economys resources, its worth it anyway.

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A visual expression of income distribution is depicted by

Select one:

a. the Gini coefficient

b. the IRS curve for incomes held by households

c. supply and demand curves for the four resources: labor, capital, land, and entrepreneurship

d. the Lorenz curve

e. the diagonal on a Gini distribution

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Price ceilings and minimum wages may increase poverty in the long run because they tend to

Select one:

a. decrease the incentive to work among the poor

b. increase the level of saving among the rich

c. increase productivity of labor among the rich and poor

d. promote investment among the rich

e. reduce the distortions in the price system

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The War on Poverty program was initiated by President

Select one:

a. John F. Kennedy

b. Franklin D. Roosevelt

c. Richard Nixon

d. Lyndon B. Johnson

e. Ronald Reagan

Explanation / Answer

6)a. Temporary Assistance for Needy Families (TANF)

Temporary Assistance for Needy Families  is one of the United States of America's federal assistance programs. It began on July 1, 1997, and succeeded the Aid to Families with DependentChildren (AFDC) program, providing cash assistance to indigent American families with dependent children through the United States Department of Health and Human Services. This cash benefit is often referred to simply as "welfare".

TANF was created by the Personal Responsibility and Work Opportunity Act instituted under President Bill Clinton in 1996. The Act provides temporary financial assistance while aiming to get people off of that assistance, primarily through employment. There is a maximum of 60 months of benefits within one's lifetime, but some states have instituted shorter periods.

7) a. Aside from the very rich, people are disposed toward income equality

Egalitarianism : equalitarianism or equalism is a trend of thought that favorsequality for all people. Egalitarian doctrines maintain that all humans are equal in fundamental worth or social status, according to theStanford Encyclopedia of Philosophy. According to the Merriam-Webster Dictionary, the term has two distinct definitions in modern English: either as a political doctrine that all people should be treated as equals and have the same political, economic, social, and civil rights or as a social philosophy advocating the removal of economic inequalities among people, economic egalitarianism, or thedecentralization of power.

8) The Lorenz curve

A quick, visual expression of income inequality in an economy. A widely used graph of the distribution of income, with cumulative percentage of families plotted along the horizontal axis and cumulative percentage of income plotted along the vertical axis.

9)decrease the incentive to work among the poor

Proposals to increase the minimum wage can be politically popular because they are viewed as being a way of helping the poor. However, evidence from a large number of academic studies suggests that minimum wage increases don't reduce poverty levels.

10) Lyndon B. Johnson

The War on Poverty is the unofficial name for legislation first introduced by United States President Lyndon B. Johnson during his State of the Union address on January 8, 1964. This legislation was proposed by Johnson in response to a national povertyrate of around nineteen percent. The speech led the United States Congress to pass the Economic Opportunity Act, which established the Office of Economic Opportunity (OEO) to administer the local application of federal funds targeted against poverty.

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