USU-Intro To MacroEcon - Assignment 15

5 country b has a substantially greater degree of

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Unformatted text preview: try B has a substantially greater degree of income inequality than Country A. Question 6 (1 point) Which of the following statements concerning the measurement of poverty is false? 1. Those who live in poverty have significantly lower standards of living than those not living in poverty. 2. A proper measure of poverty must compare income levels within a single country. 3. Poverty levels are the same for all countries. 4. People living in comfort in one country might be considered impoverished in another. 5. Poverty is a measure of the quality of life. Question 7 (1 point) In-kind transfers are defined to be 1. the allocation of goods and services from one group in society to another. 2. cash transfers, which are unearned funds. 3. private stock transfers from one generation to the next. 4. another term used to describe private charities. 5. money allocated from one group in society to another. Question 8 (1 point) Which of the following is an example of a cash transfer? 1. 2. 3. 4. 5. Food bought with food stamps Medical services provided under Medicaid Legal aid A cash advance on a credit card Unemployment compensation Question 9 (1 point) The factor most influencing the number of people in poverty and the incidence of poverty is 1. 2. 3. 4. 5. the happiness of the population. whether the economy is government dominated or not. whether the economy is dominated by another economy. the standard of living of the nation. the general health of the economy. Question 10 (1 point) Which of the following statements best describes poverty in the United S tates? 1. Poverty does not affect races, sexes, or different age groups equally. 2. A young person rarely falls below the poverty level because youth and vigor will always ensure that a young person can "carry his weight." 3. Almost one-half of all Americans fall below the poverty line. 4. The highest incidence of poverty by age occurs among those between the ages of 30 and 60. 5. Poverty affects races, sexes, and different age groups relatively equally. Qu...
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