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Economics Questions

Explore questions in the Economics category that you can ask Spark.E!

___% of US consumption is from oil and natural gas

The world uses ___% more wood since replaced by coal in 1900

The world uses ___% more oil since its shared peak in 1972

_______ fit is more reliable for change in sea

How much does the world emit from energy consumption?

Shale has a _____ capacity to flow

Country that uses most and least energy/capita

Suppose that a monthly check is given to people with HIV or AIDS who earn less than €400 per week. This is an example of:- in-kind welfare.- non-categorical welfare.- in-kind and means-tested welfare.- categorical and means-tested welfare.

Which statement describes the paradox of ordeal mechanisms?- Making the receipt of welfare benefits less attractive and less generous may actually make the recipients better off.- Low-income individuals are made worse off for having received welfare because of the corresponding reduction in self-worth.- Welfare programs make the high-income individuals better off, even though they are the ones who are taxed to fund the welfare program.- Welfare systems not only make the high-income individuals worse off, they reduce the well-being of low-income individuals in the long run.

Which statement suggests that an absolute measure of poverty is better than a relative measure of inequality for measuring the well-being of less well-off individuals?- Driving a $10,000 car is more adequate when others drive $10,000 cars than when others drive $30,000 cars.- A person is only living in poverty if they have substantially less than others.- Self-reported well-being may fall as neighbors' incomes rise.- If those least fortunate achieve a sufficient level of consumption, it doesn't matter how rich the richest people are.

Which is NOT a method of improving the outside option to welfare in order to reduce moral hazard problems?- directly subsidising the market wages- using ordeal mechanisms- providing job skills training for welfare recipients- fully enforcing the child support obligations of the fathers of children whose mothers are welfare recipients

The conclusion that "welfare lock" should be removed means that:- the government should reduce the benefits reduction rate to increase the benefits of working.- the government should not incarcerate the fathers of children in single-mother welfare homes because it reduces child support payments.- all welfare payments should be given based on unchangeable characteristics.- the government should unlink cash welfare from other in-kind benefits.

Which statement is TRUE if the benefit reduction rate of a welfare program is reduced?- Total labor supply may go up or down.- Work incentives are not affected by the benefit reduction rate.- Total labor supply will go up.- Everyone who was working will choose to work less.

Which welfare term describes welfare programs that are provided only to people qualifying on the basis of income and asset levels?- In-kind welfare- Means-tested welfare- Cash welfare- Categorical welfare

Which of the following must be TRUE for an ordeal mechanism to be effective?- The disincentive to work for welfare recipients must be less than the additional social welfare received from making them better off.- The gains from the program to welfare recipients must exceed the cost imposed on welfare recipients.- The disincentive to work from taxing the high-income individuals must be minimized.- The cost imposed on welfare recipients must be equal to zero.

The purpose of ordeal mechanisms is to:- assist those who have been particularly unlucky in life- better target welfare benefits to those with particularly low incomes- redistribute income from high-income individuals to low-income individuals without reducing the national savings rate- separate those who truly need assistance from those who can support themselves.

The Gini coefficient is defined as A/(A+B), whereby- A is the intercept and B the slope of the Lorenz curve- B is the area under the 45-degree line and A is the difference between the Lorenz curve and the 45-degree line- A+B is the area under the 45-degree line and A is the difference between the Lorenz curve and the 45-degree line- A is the area under the 45-degree line and B is the difference between the Lorenz curve and the 45-degree line

Suppose that welfare is restricted to unmarried mothers who have at least one child. This type of welfare could be best characterised as:means-tested welfare.cash welfare.categorical welfare.in-kind welfare.

Which of the following is not an in-kind transferfree GP care for childrenchild benefitssocial housingmedical cards

Suppose the government sends a monthly check to those earning less than $400 per week. This is an example of:hedonistic welfarecash welfarein-kind welfarehedonic welfare

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