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Economic Inequality Answers

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1
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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
2
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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
3

What is one reason inflation can lead to economic inequality?

A
Not all jobs adjust employee pay to match changes to the cost of living.
B
Not all jobs provide healthcare benefits as part of an employee’s salary.
C
Many companies adjust salaries based on consumer price index increases.
D
Many companies have built-in increases for employee pay on an annual basis.
4

Which is a state government initiative for addressing economic inequality?

A
paying workers a fair wage that reflects the cost of living
B
providing flexible work schedules and arrangements
C
providing opportunities for career advancement
D
offering tax credits to supplement low income
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

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.
7

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
8

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
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

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
11

Review the graph, which shows statistics related to race and gender inequality in the United States.

Question illustration
A
Asian Americans
B
Black Americans
C
Latino Americans
D
White Americans
12

What is opportunity inequality?

A
the difference between the kinds of jobs that workers hold
B
the unequal access to education, employment, or resources
C
the unequal financial holdings between socioeconomic classes
D
the difference in access to medical care between socioeconomic classes
13

What is income inequality?

A
the unequal access to education, employment, or resources
B
a difference between a country’s highest and lowest earners
C
a difference in financial holdings between socioeconomic classes
D
the unequal access to raw materials or equipment for a new business
14

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
15

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.
16

The bar graph compares test results between schools at different income levels.

Question illustration
A
Income inequality has the same impact on students at every grade level.
B
The quality of education may or may not be affected by income inequality.
C
Income inequality has a greater effect on learning as students grow older.
D
Elementary school students face the greatest difficulty due to income inequality.

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