D Question 1 1 pts The video "Is There Income Mobility in America" notes that: Between 1967 and 2009, the real mean household income of the bottom quintile fell by 3.4% Between 1967 and 2009, the real mean household income of the bottom quintile rose by 25% Between 1967 and 2009, the real mean household income of the bottom quintile fell by 8% Between 1967 and 2009, the real mean household income of the bottom quintile rose by 3.4%D Question 2 1 pts The video "Is There Income Mobility in America" finds which two faults with using Income Share data It does not measure actual real incomes and does not include benefits It does not measure actual real incomes and it is longitudinal data It does not measure actual real incomes and it is cross-sectional data It does not measure benefits and it is cross-sectional dataQuestion 3 1 pts Which factor do most labor economists puts as the primary cause of increasing income inequality? O Globalization Tax policy O Art History degrees O Technological change O ImmigrationD Question 4 1 pts In the module I discuss "knowledge gained" to make the point that O I (as instructor) should attempt to allocate knowledge gained such that those that try the hardest get the most reward O There is an inherently fixed amount of knowledge gained and we should ensure that those at the bottom get a fair share O those that earn A's are not necessarily those that gain the most knowledge O knowledge gained is not a fixed amount and is not being distributed by someone at the topD Question 5 1 pts If the gini coefficient falls from .40 to .20 O per capita income has fallen but we do not know by how much O the economy has doubled per capita income O per capita income has risen but we do not know by how much O the economy may or may not have had economic growth O per capita income has been cut in halfD Question 6 1 pts If the US were to triple the amount of food stamps and housing assistance, then the direct and immediate effect on US poverty rates as officially measured would be: O the percentage of people in poverty would fall. O the percentage of people in poverty would remain unchanged. O the percentage of people in poverty would rise.D Question 7 1 pts When it comes to the goal of eliminating absolute poverty and income inequality, most economists would argue that O They should both be eliminated O Eliminating absolute poverty is not a good goal but income inequality should be eliminated O Neither absolute povety nor income inequality should be eliminated O Eliminating absolute poverty is a good goal but income inequality should not be eliminatedD Question 8 1 pts Assume the government gives someone that earns no income the following benefits: a. $400 per month in welfare.. with a benefit reduction rate of 50%. b. $200 worth of food stamps with a 60% benefit reduction rate. c. Housing vouchers worth $400 with a 50% benefit reduciton rate. This means $1,000 of benefits in total. If the person then earns $100 in wage income his total income (wages and benefits) for the month would be: O $1140 O $1000 O $940 O $1040Question 9 1 pts A person that makes $50,000 pays $10,000 in taxes and a person that makes $60,000 pays $11,000 in taxes. Based on this information we can say: 0 This is a progressive tax structure 0 This is an excise tax. 0 This is a regressive tax structure 0 This is a at (proportionaij tax structure D Question 10 1 pts Assume the government gives someone that earns no income $400 per month. The benefit reduction rate is 90%. If the person then earns $100 in wage income his total income (including wages and benefits) for the month would be: O $90 O $410 O $710 O $110