USU-Intro To MacroEcon - Assignment 15

Question 11 1 point which of the following is not a

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Unformatted text preview: estion 11 (1 point) Which of the following is not a trait commonly seen among those who fall below the poverty line? 1. 2. 3. 4. 5. Lack of education Lack of a job Being aged 65 and over 4 or more years of college Being aged 16 and over Question 12 (1 point) A progressive tax tends to 1. 2. 3. 4. 5. generate additional tax dollars for the government. reduce income inequality for the rich more than for the poor. reduce income inequality. increase income inequality. leave the income distribution essentially unchanged. Question 13 (1 point) The largest social insurance program is known as 1. 2. 3. 4. 5. social security. food stamps. Medicaid. Aid to Families with Dependent Children (AFDC). unemployment insurance. Question 14 (1 point) After more than twenty years of increasing outlays to reduce poverty, 1. the problem of poverty is no closer to a solution now than twenty years ago. 2. our economic system just cannot produce enough goods and services to provide basic necessities for our population. 3. there is disagreement about whether antipoverty programs have reduced or increased poverty. 4. we see that Abraham Lincoln was right when he said, "God must love poor people, for He has made so many of them." 5. the war on poverty has been clearly won. Question 15 (1 point) According to the text, disincentives created by the welfare system mean 1. those paying taxes may decline to pay more. 2. 3. 4. 5. incentives for the rich to work may be reduced. incentives for the poor to acquire an education may be reduced. incentives for the poor to work may be reduced. incentives for both the rich and the poor to work hard and increase their productivity may be reduced. Question 16 (1 point) Economists like the negative income tax because, at least in theory, it 1. 2. 3. 4. 5. has been successfully used in other countries, especially in Europe. reduces poverty without reducing efficiency. can be passed by both houses of Congress. increases equity while enhancing efficiency. has...
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This homework help was uploaded on 03/18/2014 for the course ECON 2010 taught by Professor Staff during the Spring '08 term at Utah Valley University.

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