Economics - Income Inequality MCQ Test 2

1. How do economic policies impact the intergenerational transmission of income inequality?

2. How does inflation impact income inequality?

3. Evaluate the impact of social welfare programs on income inequality. Provide one argument supporting the idea that social welfare programs are effective in reducing income inequality and one argument opposing their effectiveness.

4. Examine the role of education in addressing income inequality. Provide one argument supporting the idea that education reduces income inequality and one argument opposing its effectiveness.

5. What is the role of social policies in addressing income inequality?

6. Examine the factors contributing to the widening gap in income distribution within modern societies.

7. What is 'Degrowth,' and how does it challenge traditional notions of economic progress and income inequality?

8. What is the relationship between social safety nets and income inequality?

9. How does the concept of 'rent-seeking' contribute to income inequality?

10. How does globalization impact income inequality on a global scale?

11. What is 'Regulatory Capture,' and how does it influence income inequality?

12. Discuss one potential consequence of intergenerational income mobility on income inequality.

13. What is the role of progressive taxation in addressing income inequality?

14. What is the relationship between social mobility and income inequality?

15. In the context of income inequality, what is the 'Phillips Curve' and its implications?

16. What impact can discrimination have on income inequality?

17. How does the concept of 'brain drain' influence income inequality on a global scale?

18. What is the 'Resource Curse,' and how does it contribute to income inequality in certain regions?

19. What role does the Human Development Index (HDI) play in assessing income inequality?

20. What is the role of financial literacy in combating income inequality?

21. How does education impact income mobility and the potential for individuals to move between socioeconomic classes?

22. How does the gig economy influence income inequality?

23. How does educational attainment influence income inequality?

24. How does the Kuznets curve illustrate the relationship between economic development and income inequality?

25. In the context of income inequality, what is meant by the term 'intergenerational transmission'?

26. How can social entrepreneurship contribute to reducing income inequality?

27. How does the 'Race to the Bottom' phenomenon impact income inequality in a globalized economy?

28. What role does education often play in contributing to income inequality?

29. How does the 'Easterlin Paradox' challenge the assumption that higher income leads to greater happiness?

30. What is the relationship between technological innovation and income inequality?

31. In the context of income inequality, what does the term 'glass ceiling' refer to?

32. Explain the concept of executive compensation and its potential impact on income inequality.

33. Discuss the concept of economic mobility in the context of income inequality.

34. How does the 'Gini Coefficient' measure income inequality, and what is considered a perfect equality score?

35. Explain one potential consequence of generational wealth on income inequality.

36. How does 'Behavioral Economics' contribute to the understanding of income inequality?

37. In the context of income inequality, what is meant by the term 'redlining'?

38. What is the Lorenz curve, and how is it used to measure income inequality?

39. Which economic theory emphasizes the role of institutions in shaping income inequality?

40. Identify the potential social and economic consequences of persistent income inequality within a nation.