#1
Which period in history saw a significant increase in income inequality in the United States?
#2
Which region of the world generally experiences higher income inequality compared to others?
Europe
North America
Scandinavia
Oceania
#3
What is the term for the process of measuring and comparing income inequality within a population?
Income stratification
Income evaluation
Income disparity
Income distribution
#4
Who is credited with the development of the Gini coefficient, a measure of income inequality?
Robert Lucas Jr.
Paul Krugman
Corrado Gini
Amartya Sen
#5
Which economic theory suggests that income inequality is necessary for encouraging innovation and productivity?
Marxism
Classical economics
Trickle-down economics
Keynesian economics
#6
What is the name of the book written by Thomas Piketty that discusses the historical trends in income inequality?
Capital in the Twenty-First Century
The Great Divergence
Wealth and Poverty
The Price of Inequality
#7
Which of the following factors contributed to the decline in income inequality during the mid-20th century in the United States?
Expansion of education opportunities
Decrease in labor union membership
Rise of globalization
Deregulation of financial markets
#8
Which economist proposed the idea of a 'basic income' as a means to address income inequality?
Milton Friedman
John Maynard Keynes
Amartya Sen
Thomas Piketty
#9
What effect does technological advancement typically have on income inequality?
It decreases income inequality
It increases income inequality
It has no significant effect on income inequality
It depends on other socioeconomic factors
#10
Which country has one of the lowest levels of income inequality according to the Gini coefficient?
United States
Sweden
South Africa
Brazil
#11
According to the Kuznets curve, what relationship exists between economic development and income inequality?
Income inequality decreases as economic development increases
Income inequality increases as economic development increases
Income inequality remains constant regardless of economic development
There is no relationship between economic development and income inequality
#12
What is the main critique of the Gini coefficient as a measure of income inequality?
It does not account for non-monetary forms of income
It is too complex to calculate
It is heavily influenced by outliers
It is biased towards lower income groups
#13
Which of the following is NOT a common factor contributing to income inequality?
Education level
Gender
Racial discrimination
Universal healthcare
#14
Which country has the highest income inequality among OECD countries as of recent statistics?
Mexico
United States
South Korea
Japan
#15
What role do inheritance and intergenerational transfers play in perpetuating income inequality?
They have no effect on income inequality
They contribute to decreasing income inequality
They contribute to increasing income inequality
Their effect on income inequality is uncertain