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Economic Inequality Answers

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What is one limitation of federal government initiatives to address economic inequality?

A
They do not include financial assistance for people in need.
B
They cannot provide help for people who face housing issues.
C
They do not address systemic barriers or root causes of poverty.
D
They only help middle-income families and not low-income families.
2
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Linh is raising two young children as a single mother. In the past, her office manager salary covered most of her monthly expenses, which include housing, groceries, car payments, and childcare. However, recent increases in the price of goods have made it difficult to pay for these items. Also, Linh’s employer has not given her regular raises that could help her adjust to changes due to inflation.Which issue related to economic inequality does this scenario describe?

A
cost of living
B
minimum wage
C
access to health care
D
housing discrimination
3

What is economic inequality?

A
the unequal distribution of natural resources from one region to another
B
the difference in income due to international trade from one nation to another
C
the difference in rights between marginalized groups and the dominant group
D
the unequal distribution of wealth, resources, and opportunities within a society
4

The line graph shows the share of US income from 1970 to 2018.

Question illustration
A
increased pay for workers on the low- and middle-income levels
B
increased resources at the high-income level to start new businesses
C
greater access to medical care for families on the middle-income level
D
greater employment opportunities for students on the high-income level
5

Jamal is an African American student about to complete his college education. He wants to attend graduate school because a master’s degree will help him find a job in his chosen profession. However, he cannot afford the entire cost of the tuition. He decides to take out a bank loan to cover the expense, but the bank rejects his application. The bank officer explains that Jamal lacks property to use as a guarantee that he can pay back the loan. On the other hand, Jamal’s college friend Jimmy, who is Irish American, has no trouble securing a loan to pay for his graduate school tuition. He has inherited a house from his parents and can use this piece of property as a guarantee.Which issue related to economic inequality does this scenario describe?

A
inflation
B
cost of living
C
minimum wage
D
generational wealth
6

Which is an employer initiative for addressing economic inequality?

A
setting a higher minimum wage
B
investing in affordable housing
C
providing comprehensive benefits
D
offering financial aid to low-income families
7

What is one limitation of state government initiatives to address economic inequality?

A
State governments cannot adjust the federal minimum wage that was set in 2009.
B
State governments can only provide solutions related to housing and health care.
C
State governments legally cannot provide financial assistance to people in need.
D
State governments can face disagreement during periods of political polarization.
8

Mateo took a job as a scooper at an ice cream shop in the afternoons and evenings. He did this to help his family after his father lost his factory job, which caused them to struggle financially. Although Mateo works six days a week, he does not make much money for his efforts because he only earns $7.25 per hour.Which issue related to economic inequality does this scenario describe?

A
minimum wage
B
generational wealth
C
access to health care
D
housing discrimination
9

What is one benefit of reducing income inequality?

A
It can help the economy grow and become stronger.
B
It can help end political polarization and disagreement.
C
It can remove the need for employee benefits at most jobs.
D
It can remove the need for a federal or state minimum wage.
10

What is wealth inequality?

A
a difference between the kinds of jobs that workers hold
B
the unequal access to prospects for education or employment
C
the unequal distribution and control of financial assets and resources
D
a difference in access to medical care between socioeconomic classes

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