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Economic Inequality and Global Power Structures Quiz

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Which of the following best defines economic inequality?

A situation where some individuals or groups have more economic resources than others

Explanation

Unequal distribution of wealth and resources among individuals or groups.

Which measure is commonly used to quantify economic inequality within a population?

Gini coefficient

Explanation

Statistical measure reflecting the distribution of income or wealth within a population.

Which theory suggests that economic inequality naturally increases within capitalist economies?

Marxian economics

Explanation

Economic theory by Karl Marx emphasizing class struggle and exploitation.

Which factor is often cited as a major contributor to global economic inequality?

Technological advancement

Explanation

Technological progress leading to unequal distribution of wealth and opportunities.

Which country has one of the highest levels of income inequality according to the Gini coefficient?

Brazil

Explanation

Brazil stands out with significant income disparities according to the Gini index.

Which economic concept suggests that economic inequality may have adverse effects on economic growth?

The Kuznets curve

Explanation

Graphical representation showing a rise and fall in inequality over the stages of economic development.

Which region of the world generally exhibits higher levels of economic inequality compared to others?

North America

Explanation

North America, particularly the United States, is known for significant economic disparities.

Which term describes a situation where a small group or individuals hold a disproportionate amount of economic power?

Plutocracy

Explanation

System where wealth leads to disproportionate political influence.

Which institution is primarily responsible for collecting data and publishing reports on global economic inequality?

United Nations Development Programme (UNDP)

Explanation

UN agency focused on development issues, including economic inequality.

#10

Which measure takes into account both income and wealth distribution when assessing economic inequality?

Human Development Index (HDI)

Explanation

Composite statistic reflecting income, education, and life expectancy, providing a broader view of development.

#11

Which economist famously predicted that the gap between the rich and poor would widen due to technological advancement?

Joseph Schumpeter

Explanation

Austrian economist known for his work on innovation and creative destruction.

#12

Which region is often cited for having relatively low levels of income inequality compared to other parts of the world?

Northern Europe

Explanation

Northern European countries known for their strong social welfare systems and egalitarian policies.

#13

Which economic theory emphasizes the role of government intervention to address economic inequality?

Socialist economics

Explanation

Economic system advocating for public ownership of the means of production and wealth redistribution.

#14

Which economic concept suggests that the wealthy are more likely to save rather than spend additional income, leading to lower consumption and reduced economic growth?

The paradox of thrift

Explanation

Situation where increased saving by individuals leads to reduced aggregate demand and economic growth.

Economic Inequality and Global Power Structures Quiz

Which of the following best defines economic inequality?

Which measure is commonly used to quantify economic inequality within a population?

Which theory suggests that economic inequality naturally increases within capitalist economies?

Which factor is often cited as a major contributor to global economic inequality?

Which country has one of the highest levels of income inequality according to the Gini coefficient?

Which economic concept suggests that economic inequality may have adverse effects on economic growth?

Which region of the world generally exhibits higher levels of economic inequality compared to others?

Which term describes a situation where a small group or individuals hold a disproportionate amount of economic power?

Which institution is primarily responsible for collecting data and publishing reports on global economic inequality?

Which measure takes into account both income and wealth distribution when assessing economic inequality?

Which economist famously predicted that the gap between the rich and poor would widen due to technological advancement?

Which region is often cited for having relatively low levels of income inequality compared to other parts of the world?

Which economic theory emphasizes the role of government intervention to address economic inequality?

Which economic concept suggests that the wealthy are more likely to save rather than spend additional income, leading to lower consumption and reduced economic growth?

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