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Question 2 Answer saved Marked out of 10 Flag question Question text A case for

ID: 1197505 • Letter: Q

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Question 2

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A case for equality of income distribution can be based on

Select one:

a. the randomness of personal misfortune

b. the linkage between effort and reward

c. the ethic "from each according to his or her ability to each according to his or her ability"

d. allowing the market to dictate outcomes

e. maximization of opportunity

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Government assistance programs in the United States

Select one:

a. have expanded significantly since their establishment in 1964.

b. consist mainly of cash payments.

c. are funded entirely by the federal government.

d. have typically required beneficiaries to participate in community work or job training programs.

e. are primarily funded by state governments.

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The poor in the United States are disproportionately people who

Select one:

a. have less than a high school education

b. have incomes that are essentially nonwage incomes

c. are poor white women

d. are families with over 5 children

e. live in cities

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Looking at a Lorenz curve, the first quintile viewed from the origin records the

Select one:

a. the income held by the richest 50 percent of population

b. the income held by the richest 20 percent of population

c. the income held by the poorest 50 percent of population

d. the income held by the poorest 20 percent of population

e. the wealth held by the poorest 10 percent of populatio

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Explanation / Answer

2- D. maximisation of opportunity-Equality of opportunity is important for reducing inequality. To raise incomes, people need opportunities to acquire education and skills, enter occupations, open businesses, and trade freely.

3-D-have typically required beneficiaries to participate in community work or job training programs

4-C- poor white women

5-D-the income held by the poorest 20 percent of population

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