1.Which of the following statements is not true? a.growing employment in retaili
ID: 1191235 • Letter: 1
Question
1.Which of the following statements is not true?
a.growing employment in retailing and restaurants contributes to the wage decline of high school graduates
b.the decline in union membership has contributed to income inequality
c.the increased use of technology in manufacturing has increased income inequality
d.since service industries are less likely to use technology, they are more likely to be unionized
2.The official poverty threshold line is adjusted annually for
a.income taxes
b.inflation
c.average household size
d.average family size
3.According to the U.S. Department of Commerce, a group of two or more persons living together who are related by birth, marriage, or adoption is known as a
a.household
b.family
c.Lorenz unit
d.quintile
4.In 2004, the top 5 percent of households earned approximately
a.5 percent of aggregate income
b.10 percent of aggregate income
c.15 percent of aggregate income
d.50 percent of aggregate income
5.Although the number of jobs requiring computer knowledge has increased, these jobs are found primarily in low-wage industries.
True or False
6.Poverty is a condition that randomly strikes all members of the population equally.
True or False
7.Which of the following is a disincentive to leave welfare?
a.decrease in real income
b.lower taxes
c.hgiher incomes
d.all the above
8.If a single household received all income, the Gini coefficient would
a.have a value of zero
b.be identical to the Lorenz distribution
c.have a value of 1
d.have a value of infinity
9.An equitable distribution of income is based on an objective standard, such as the perceived productivity of the individual.
True or False
10.The poverty rate for blacks is almost three times that for whites.
True or False
Explanation / Answer
(1) (d)
Unionization is independent of whether the firm in question extensively uses technology.
(2) (b)
Poverty threshold line is adjusted for price level every year.
(3) (a)
A group of two or more persons living together constitutes a household.
(4) (c)
(5) False.
Number of computer-dependent jobs are found both in low-wage and high-wage industries.
(6) False.
Even in absence of regular employment income, a household can survive poverty if it has existing wealth.
(7) (a)
Lower real income reduces welfare.
(8) (c)
If one household receives all income, Gini coefficient (measure of inequality) is 1.
(9) True.
Equitability is defined on an objective standard.
(10) False.
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