Question 11)The threshold income level originally used to determine official poverty statistics was based

11)The threshold income level originally used to determine official poverty statistics was based

on

A) an income three times the amount of money needed to purchase a nutritionally adequate diet. B) standards provided by the United Nations based on studies done in poor countries around the world.

C) the highest income of the lowest one-fifth of families in the country. D) a per capita income of $1,000 in 1958 prices.

12)Which of the following CANNOT be eliminated in a growing economy such as the U.S. economy?

A) absolute poverty B) relative poverty

C) both absolute and relative poverty

D) Neither absolute nor relative poverty can be eliminated.

13)When poverty is defined by an absolute real income level, what will happen to the poverty rate if income per capita in a country continues to grow?

A) The poverty rate will increase forever. B) The poverty rate will eventually be zero.

C) The poverty rate will increase and then decrease. D) The poverty rate will never change.

14)When poverty is defined by an relative real income level, what will happen to the poverty rate if the distribution of income is not perfectly equal?

A) The poverty rate will increase forever. B) The poverty rate will eventually be zero.

C) The poverty rate will always remain constant. D) The poverty rate will change, but always exist.

15) Relative poverty

A)has been eliminated in the United States.

B)will always be with us.

C)has never existed in the United States.

D)can be eliminated in the next 20 years.

16) Relative poverty refers to

A)how a family’s income compares to the incomes of those around them.

B)poverty levels at a stated income cutoff.

C)the number of poor in one state relative to another.

D)None of the above.

17)If we include cash benefits and in-kind benefits available to low-income people, the share of the U.S. population in poverty

A) drops dramatically. B) increases somewhat. C) increases dramatically. D) does not change.

18)If an individual receives in-kind transfers from the government in the form of food stamps, public housing, and so on, his money income is

A) less than his total income. B) greater than his total income. C) the same as his total income.

D) equal to his in-kind income plus his wages.

19)Which of the following statements about the Social Security (OASDI) program is FALSE? A) Benefits are paid to individuals who would be financially secure in their absence.

B) Benefits are based on need.

C) Benefits are an intergenerational transfer program from those who work to those who don’t work.

D) When an insured worker dies, benefits continue for widows or other dependents.

20)Which of the following statements is an accurate statement about the Social Security (OASDI) program?

A) The program is financed by voluntary contributions. B) Only 50 percent of workers are covered by OASDI. C) Benefits are based on financial need.

D) The program transfers income from those who work to those who do not work.

21)Which of the following statements about Social Security is FALSE?

A)Social Security is an intergenerational transfer where the benefits paid are only roughly related to past earnings.

B)Over 90 percent of all employed workers in the United States are covered by Social Security.

C)Benefit payments under Social Security are based on the recipient’s need.

D)Benefit payments under Social Security redistribute income from young to old.

22)Which of the following statements about the Supplemental Security Income (SSI) program is FALSE?

A) It is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled

B) Benefits are based on need.

C) Recipients who receive benefit payments under Social Security are also eligible for SSI. D) It covers children and individuals with mental disabilities, including drug addicts and alcoholics.

23)Which of the following statements about the Earned Income Tax Credit Program (EITC) program is FALSE?

A) On net the EITC discourages work by low- or moderate- income earners more than it rewards work.

B) It provides rebates of Social Security taxes to low-income workers.

C) Recipients who receive benefit payments under Social Security are also eligible for SSI. D) It is the largest poverty reduction program in the U.S..

24)All of the following are social insurance programs designed to attack poverty EXCEPT

A)Social Security.

B)temporary assistance to needy families.

C)food stamps.

D)tuition assistance.

25)Which of the following income maintenance programs is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled?

A) The Old-Age Survivors’ and Disability Insurance (OASDI) program B) The Supplemental Security Income (SSI) program

C) The Temporary Assistance to Needy Families (TANF) program D) The food stamps program

26)Under the Social Security program currently in existence,

A)benefits are based on need.

B)benefits are determined by whether or not one contributed to the system.

C)benefits are provided to everyone who contributed to the system EXCEPT those under private retirement programs that provide an annual income in excess of $13,500.

D)benefits are guaranteed to be no lower for future retirees than for current retirees.

27)The funds paid to the government today for Social Security taxes are A) invested to provide for the future benefits of the taxpayers.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.