Question 1

________ is/are often mistakenly viewed as an antipoverty measure.

Accepted Answer

Minimum wage is often mistakenly viewed as an antipoverty measure, but it primarily affects workers and not necessarily those living in poverty, as many low-income individuals may not be in the workforce or may work jobs that do not pay minimum wage.

Question 2

The ________ program is the largest poverty-fighting tool in the United States,affecting more than 25 million families.

Accepted Answer

The Earned Income Tax Credit (EITC) is the largest poverty-fighting tool in the United States, benefiting over 25 million families by providing tax relief and refunds to low- to moderate-income working individuals and families.

Question 3

Which social welfare policy is most likely to produce unemployment?

Accepted Answer

The minimum wage is most likely to produce unemployment because when the minimum wage is set above the equilibrium wage rate, it leads to increased supply of labor and decreased demand for labor. This results in an excess supply of labor or unemployment. The other policies listed, such as SNAP, EITC, Medicaid, and SSI, are all designed to provide support to individuals in need and are unlikely to produce unemployment.

Question 4

Why are unions more prevalent in the public sector than in the private sector?

Accepted Answer

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Question 5

Why are job training programs a better tool to combat poverty than cash or in-kind transfer programs?

Accepted Answer

Job training programs address the root cause of poverty, which is a lack of skills and education necessary to secure well-paying jobs. Cash or in-kind transfer programs only provide short-term relief but don't tackle the underlying issue of unemployment and low wages. Investing in job training programs ensures that individuals have sustainable employment, leading to long-term solutions to poverty.

Question 6

After an extensive interview process,Tiffany has been offered a position with her dream company.If her goal is to maximize her annual salary,what advice emerges from compensating differential theory in terms of how she should handle the negotiation process?

Accepted Answer

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Question 7

The minimum wage is an ineffective antipoverty measure for all EXCEPT which of the following reasons?

Accepted Answer

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Question 8

Wages are determined by a variety of factors.Describe the nonmonetary determinants of wages and specifically how these determinants could reduce wages.

Accepted Answer

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Question 9

Using the theory of compensating differentials,explain why many internships offered to college students are often unpaid.

Accepted Answer

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Question 10

Does hiring more beautiful workers always reflect discrimination?

Accepted Answer

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Question 11

If Kareem thinks his boss is discriminating against him based on his gender or race,what kind of evidence would he need to collect to prove discrimination to his friend,who is an economist?

Accepted Answer

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Question 12

How is it that unions capture bargaining power and convert this bargaining power into higher wages?

Accepted Answer

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Question 13

Why might an employer be reluctant to pay for an employee to get a master's degree when the knowledge could be used by that employee to work for another employer?

Accepted Answer

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Question 14

Gabrielle and her identical twin earn different levels of income despite having received the same educational degrees from the same institutions.What might be the causes of this difference in income?

Accepted Answer

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Question 15

What role does bargaining power in a unionized workplace have on the wage in comparison to the wage in a nonunionized workplace?

Accepted Answer

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Question 16

According to the text,in the time since the passage of the Equal Opportunity Act in 1964,the poverty rate has gone up,while economic output has roughly doubled.What is the most likely reason for this phenomenon?

Accepted Answer

The passage states that the poverty rate has gone up despite economic output doubling since the passage of the Equal Opportunity Act. This suggests that economic growth has not led to a corresponding decrease in poverty, which could be due to insufficient skills, training, and education among the poorest citizens to take advantage of employment opportunities and higher wages.

Question 17

What are some of the causes of income inequality in the United States?

Accepted Answer

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Question 18

Why is it unlikely that those who place a higher priority on pay are not employed by a nonprofit organization?

Accepted Answer

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Question 19

What makes the Earned Income Tax Credit (EITC)different from other poverty-fighting programs?

Accepted Answer

The Earned Income Tax Credit (EITC) is different from other poverty-fighting programs because the tax credit is phased out gradually, rather than at a specific income cutoff point. This incentivizes individuals to work and earn more income without fear of losing their benefits abruptly.

Question 20

When an act of charity creates disincentives for recipients to take care of themselves,it is often called a(n)

Accepted Answer

The Samaritan's dilemma refers to the situation where providing aid can create disincentives for recipients to take care of themselves or become dependent on aid, creating a moral dilemma for those providing the aid.

Quiz 15: Income,inequality,and Poverty