Income is distributed _______ equally than wealth and the Lorenz curve for ______ lies closer to the line of equality.

more; wealth
less; wealth
more; income
less; income

The largest percentage of health-care costs is paid for by __________________.

employers
direct payments from patients
government
private insurance payments

The distribution of _______ is a more accurate indicator of the degree of economic inequality than the distribution of annual income.

retirement income
wage rates
lifetime income
property holdings

The distribution of _______ is more skewed than the distribution of _______ because people with higher wage rates tend to work _______ hours.

wage rates; income; shorter
wage rates; income; longer
income; wage rates; longer
income; wage rates; shorter

The tendency for people to marry within their own socioeconomic class is called ________________.

assorted mating
assortative mating
non-Cinderella mating
attraction mating

The U.S. government redistributes income in all of the following ways except __________________.

income maintenance programs
subsidized services
negative income tax
income taxes

U.S. income taxes are ________________.

proportional
negative
progressive
regressive

Income maintenance programs include all of the following except __________________.

unemployment compensation
welfare programs
pension plans
social security programs

Sam, a stunt car driver, takes out a health-care insurance policy. His insurer faces _________________.

an adverse selection
a dilemma
a moral hazard and adverse selection
a moral hazard

A negative income tax _______ the welfare trap and _______.

reenforces; encourages low-income families to remain on welfare
eliminates; discourages low-income families from finding employment
eliminates; encourages low-income families to find employment
reenforces; encourages low-income families to find employment

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