Question 1

What is the rule for redistribution proposed by John Rawls in his book A Theory of Justice called

Accepted Answer

A)  the "veil of ignorance" criterion
B)  the optimizing agent rule
C)  the maximin criterion
D)  the egalitarian principleE) A) and D)
F) B) and D)

Question 2

What does the liberalist rule called the maximin criterion suggest that the focus of social policy should be

Accepted Answer

A)  to expropriate the factors of production from the capitalist class
B)  to ensure an egalitarian distribution of income
C)  to elevate the well-being of those at the bottom of the income distribution
D)  to elevate the well-being of all workersE) None of the above
F) A) and D)

Question 3

Based on Canadian income data from 2011,approximately how many times as much income as the bottom fifth did the second fifth of all families receive

Accepted Answer

A)  3.4
B)  6.0
C)  7.2
D)  9.0E) B) and D)
F) C) and D)

Question 4

Assume you are a critic of welfare reforms that impose a time limit on the number of years a person is eligible for welfare benefits.What is the foundation of your critique?

Accepted Answer

The critique is based on the premise tha...

Question 5

What do income mobility studies suggest about poverty

Accepted Answer

A)  It cannot be alleviated by privately sponsored antipoverty programs.
B)  It cannot be alleviated by government sponsored antipoverty programs.
C)  It is a long-term problem for a relatively large number of families.
D)  It is not a long-term problem for most families.E) B) and C)
F) A) and D)

Question 6

The invisible hand of the marketplace acts to allocate resources efficiently,but it does not necessarily ensure that resources are allocated fairly.

Accepted Answer

A) True 
 B)False

Question 7

What problem of inequality relates to the old saying,"From shirtsleeves to shirtsleeves in three generations"

Accepted Answer

A)  in-kind transfers
B)  the economic life cycle
C)  transitory versus permanent income
D)  economic mobilityE) A) and B)
F) C) and D)

Question 8

Which of the following will NOT occur when government policies are enacted to make the distribution of income more equitable

Accepted Answer

A)  Behaviour is altered.
B)  Incentives are distorted.
C)  Total utility is constant.
D)  The allocation of resources is less efficient.E) All of the above
F) B) and C)

Question 9

Saving and borrowing behaviour is indicative of a family that best fits which description

Accepted Answer

A)  a family that is likely to be poor
B)  a family that has a difficult time balancing its standard of living
C)  a family adjusting its standard of living to reflect transitory changes in income
D)  a family that is most likely to be on the upper end of the income distributionE) A) and D)
F) A) and C)

Question 10

Libertarians believe that the government should enforce individual rights to ensure that everyone has the same opportunity to use his or her talents to achieve success.

Accepted Answer

A) True 
 B)False

Question 11

What is one reason for movement down the income ladder

Accepted Answer

A)  income tax
B)  bad luck
C)  inflation
D)  nepotismE) B) and C)
F) A) and D)

Question 12

When a government enacts policies that redistribute income,which outcome will occur

Accepted Answer

A)  The government will not distort incentives.
B)  A fair distribution of income will be ensured.
C)  People will alter their market behaviour.
D)  Markets will become more efficient at allocating resources to their highest-valued use.E) A) and D)
F) A) and C)

Question 13

In Canada,at what age do workers reach their highest income

Accepted Answer

A)  around age 40
B)  around age 45
C)  around age 50
D)  around age 65E) A) and B)
F) None of the above

Question 14

How is the income distribution in a society largely determined

Accepted Answer

A)  by the government's policies
B)  by business decisions
C)  by factors that determine wages
D)  by geographic sectors of the countryE) All of the above
F) B) and C)

Question 15

What political philosophy views raising the welfare of the worst-off person in society as an important aim

Accepted Answer

A)  utilitarianism
B)  liberalism
C)  libertarianism
D)  conservatismE) A) and B)
F) B) and C)

Question 16

In general,what would libertarians conclude is more important than equality

Accepted Answer

A)  opportunity
B)  income
C)  entrepreneurial compensation
D)  capital compensationE) None of the above
F) A) and B)

Question 17

We are sitting in an "original position" behind a "veil of ignorance." What political philosophy is this statement attributed to

Accepted Answer

A)  utilitarianism
B)  liberalism
C)  libertarianism
D)  monetarismE) C) and D)
F) None of the above

Question 18

How does the marketplace act to allocate resources

Accepted Answer

A)  fairly
B)  evenly
C)  efficiently
D)  equitablyE) All of the above
F) B) and C)

Question 19

Based on Canadian income data from 2011,what was the top fifth of all families' average income after transfers and taxes

Accepted Answer

A)  $90,000
B)  $115,300
C)  $145,800
D)  $176,900E) A) and B)
F) None of the above

Question 20

"An extra dollar of income is worth more additional satisfaction to a poor person than to a rich person." This is an important assumption of which political philosophy

Accepted Answer

A)  utilitarianism
B)  liberalism
C)  libertarianism
D)  marshallismE) B) and D)
F) None of the above

Exam 20: Income Inequality and Poverty

Based on Canadian income data from 2011,what was the top fifth of all families' average income after transfers and taxes

Correct AnswerverifiedShow Answer

We are sitting in an "original position" behind a "veil of ignorance." What political philosophy is this statement attributed to

Correct AnswerverifiedShow Answer

"An extra dollar of income is worth more additional satisfaction to a poor person than to a rich person." This is an important assumption of which political philosophy

Correct AnswerverifiedShow Answer

When a government enacts policies that redistribute income,which outcome will occur

Correct AnswerverifiedShow Answer

Based on Canadian income data from 2011,approximately how many times as much income as the bottom fifth did the second fifth of all families receive

Correct AnswerverifiedShow Answer

What political philosophy views raising the welfare of the worst-off person in society as an important aim

Correct AnswerverifiedShow Answer

In Canada,at what age do workers reach their highest income

Correct AnswerverifiedShow Answer

Saving and borrowing behaviour is indicative of a family that best fits which description

Correct AnswerverifiedShow Answer

How does the marketplace act to allocate resources

Correct AnswerverifiedShow Answer

The invisible hand of the marketplace acts to allocate resources efficiently,but it does not necessarily ensure that resources are allocated fairly.

Correct AnswerverifiedShow Answer

What does the liberalist rule called the maximin criterion suggest that the focus of social policy should be

Correct AnswerverifiedShow Answer

Assume you are a critic of welfare reforms that impose a time limit on the number of years a person is eligible for welfare benefits.What is the foundation of your critique?

Correct AnswerverifiedThe critique is based on the premise tha...View AnswerShow Answer

What is one reason for movement down the income ladder

Correct AnswerverifiedShow Answer

What do income mobility studies suggest about poverty

Correct AnswerverifiedShow Answer

How is the income distribution in a society largely determined

Correct AnswerverifiedShow Answer

In general,what would libertarians conclude is more important than equality

Correct AnswerverifiedShow Answer

What is the rule for redistribution proposed by John Rawls in his book A Theory of Justice called

Correct AnswerverifiedShow Answer

Libertarians believe that the government should enforce individual rights to ensure that everyone has the same opportunity to use his or her talents to achieve success.

Correct AnswerverifiedShow Answer

What problem of inequality relates to the old saying,"From shirtsleeves to shirtsleeves in three generations"

Correct AnswerverifiedShow Answer

Which of the following will NOT occur when government policies are enacted to make the distribution of income more equitable

Correct AnswerverifiedShow Answer

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The critique is based on the premise tha...
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