The productivity standard for the distribution of income

for a quiz need the answers correctThe productivity standard for the distribution of income can be thought of as1. In the UnitedStates, income is distributed according toA. the needs standard only.B. the productivity standard only.C. the equalitarian standard only.D. a combination of the productivity standard and the needs standard.2.Age is a determinant of income becauseA. with age typically come experience, education, and training that can increase income.B. older workers have accumulated more wealth.C. age contributes to costs as medical expenses increase.D. older workers have accumulated less wealth.3.Suppose 10 percent of the families receive 10 percent of the income, 20 percent of the families receive 20 percent of the income, and so forth. The Lorenz curve would bea straight line at a 30-degree angle from the origin.B. the horizontal axis.C. the most bowed curve possible.D. a straight line at a 45-degree angle from the origin.4. According to the text, today’s Lorenz curve is A. more bowed than in 1929.B. less bowed than in 1929.C. a vertical line.D. a straight line.5.Compared to the distribution of money income, the distribution of wealth isA. much more equal.B. about the same.C. a little more equal.D. much less equal.6.The productivity standard for the distribution of income can be thought of asA. benefiting only the least productive worker.B. rewarding people according to their ability to produce useful goods.C. proving that egalitarians are correct.D. rewarding only the wealthy.7.Which of the following is NOT a correct criticism of the Lorenz curve?A.It does not deal with differences in family size.B. It does not include payments in kind.C. It ignores the impact of age distribution on income distribution.D. It refers to money income after taxes.8.The Lorenz curve showsA. the supply of jobs.B. the distribution of income.C. the elasticity of jobs.D. the demand for jobs.9.WealthA. is a flow and not a stock.B. is the same as income.C. includes assets such as houses, stocks, and bonds.D. does not include tangible objects.10. All of the following contribute to income inequality EXCEPTA. differences in job tastes.B. differences in education and training.C. government transfer programs.D. differences in talent.

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