Q 1: Poverty in the US occurs as a result of Select one: a. inadequate GDP. b. a
ID: 2439939 • Letter: Q
Question
Q 1: Poverty in the US occurs as a result of
Select one:
a. inadequate GDP.
b. a shortage of resources.
c. the occurrence of wars and natural disasters.
d. unequal distribution of income.
e. none of the choices.
Question 2:
Job training programs, remedial education courses, and recreational activities might lead to reduced crime rates in depressed areas by
Select one:
a. providing jobs to instructors and counselors.
b. increasing the opportunity costs of committing crimes.
c. improving the public's view of their community.
d. providing psychic income to organizers.
e. none of the choices.
Question 3
Which of the following is a factor leading to pollution?
Select one:
a. The law of increasing returns
b. There are property rights to the environment
c. People are inherently dirty
d. The environment is collectively consumed
e. All of the choices
Question 4
A number of reasons have been given to explain increasing income inequality in the US over the last few decades. One of these is
Select one:
a. the decline of the US manufacturing sector.
b. increases in tax rates on the wealthy.
c. improvements in productivity.
d. the use of computers in the workplace.
e. the growth of unionization through the US.
Q 5: The existence of spillover benefits results in an equilibrium quantity in the market
Select one:
a. lower than the social optimum.
b. exactly equal to the social optimum.
c. better than the social optimum.
d. higher than the social optimum.
e. more expansive than the social optimum.
Explanation / Answer
1.
Poverty in the US occurs due to unequal distribution of income. The US economy is one of the fastest growing developed economies with high GDP and no shortage of resources but the gap between rich and poor is wide and excrutiating.
the correct option is (d)
2.
Job training, remedial education courses and recreational activities might lead to reduced crime rates when the opportunity cost of committing crime increases.
the correct option is (b)
3.
When a public good is collectively consumed then it leads to over exploitation. In the case of the environment, it leads to pollution.
the correct option is (d)
4.
Increasing income inequality in the US over last few decades due to the decline of the US manufacturing sector.
the correct option is (a)
5.
The existence of spillover benefits results in an equilibrium quantity in the market lower than social optimum.
the correct option is (a)
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