Principles of Economics TestBank Chapter曼昆《經(jīng)濟(jì)學(xué)原理》（微觀）第五

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Principles of Economics TestBank Chapter曼昆《經(jīng)濟(jì)學(xué)原理》（微觀）第五版測試題庫 (20)

1. Chapter 20 Income Inequality and Poverty TRUE/FALSE 1. The poverty line is set by the government so that 10 percent of all families fall below that line and are thereby classified as “poor.” ANS: F DIF: 1 REF: 20-1 NAT: Analytic LOC: The study of economics, and definitions of economics TOP: Poverty line MSC: Definitional 2. The United States has more income inequality than Japan, Germany, and Canada. ANS: T DIF: 1 REF: 20-1 NAT: Analytic LOC: The study of economics, and definitions of economics TOP: Income inequality MSC: Definitional 3. The United States has more income inequality than Brazil and South Africa. ANS: F DIF: 1 REF: 20-1 NAT: Analytic LOC: The study of economics, and definitions of economics TOP: Income inequality MSC: Definitional 4. Standard measurements of the degree of income inequality take both money income and in-kind transfers into account. ANS: F DIF: 2 REF: 20-1 NAT: Analytic LOC: The study of economics, and definitions of economics TOP: In-kind transfers | Income inequality MSC: Definitional 5. John Rawls, who developed the way of thinking called liberalism, argued that government policies should be aimed at maximizing the sum of utility of everyone in society. ANS: F DIF: 2 REF: 20-2 NAT: Analytic LOC: The role of government TOP: Utility MSC: Interpretive 6. One existing government program that works much like a negative income tax is the Earned Income Tax Credit. ANS: T DIF: 2 REF: 20-3 NAT: Analytic LOC: The role of government TOP: Negative income tax MSC: Interpretive 7. One existing government program that works much like a negative income tax is Medicaid. ANS: F DIF: 2 REF: 20-3 NAT: Analytic LOC: The role of government TOP: Negative income tax MSC: Interpretive 8. The invisible hand of the marketplace acts to allocate resources efficiently, but it does not necessarily ensure that resources are allocated fairly. ANS: T DIF: 1 REF: 20-0 NAT: Analytic LOC: Efficiency and equity TOP: Income inequality MSC: Applicative 9. When the government enacts policies to make the distribution of income more equitable, it distorts incentives, alters behavior, and makes the allocation of resources less efficient. ANS: T DIF: 1 REF: 20-0 NAT: Analytic LOC: The role of government TOP: Income inequality MSC: Applicative 67

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Principles of Economics TestBank Chapter曼昆《經(jīng)濟(jì)學(xué)原理》（微觀）第五