Wealth Inequality in America Quiz

What is the racial wealth gap in America?

• The racial wealth gap in America refers to the difference in political representation between different racial and ethnic groups.

• The racial wealth gap in America refers to the disparity in wealth between different racial and ethnic groups.

• The racial wealth gap in America refers to the difference in income between different racial and ethnic groups.

• The racial wealth gap in America refers to the difference in education levels between different racial and ethnic groups.

How does wealth inequality affect society?

• It creates social and economic disparities.

• It has no impact on society.

• It leads to a more harmonious society.

• It promotes equal distribution of resources.

How does wealth inequality impact education?

• Wealth inequality has no impact on education

• Wealth inequality leads to better education for those who can afford it

• Wealth inequality leads to equal access to education for all

• Limiting access to quality education for those who cannot afford it

What is the relationship between wealth inequality and social mobility?

• Wealth inequality has no impact on social mobility.

• Wealth inequality has a negative impact on social mobility.

• Wealth inequality has a positive impact on social mobility.

• Wealth inequality and social mobility are not related.

Which racial group experiences the highest wealth inequality in America?

• Asian Americans

• Hispanic Americans

• Black Americans

• Native Americans

What role does education play in reducing wealth inequality?

• Education leads to higher levels of debt and financial instability.

• Education has no impact on wealth inequality.

• Education only benefits the wealthy and exacerbates wealth inequality.

• Education helps individuals secure higher-paying jobs and access economic opportunities.

How does wealth inequality impact social cohesion?

• It can erode trust and cooperation within a society.

• It promotes equality and fairness within a society.

• It has no impact on social cohesion.

• It encourages social mobility and upward mobility within a society.

What is the relationship between wealth inequality and economic growth?

• No relationship

• Wealth inequality causes economic growth

• Positive

• Negative

What is the term for the phenomenon where a small percentage of the population holds a large percentage of the overall wealth?

• Economic equilibrium

• Wealth diversification

• Income equality

• Wealth concentration

Which economic policy is often suggested as a solution to address wealth inequality?

• Flat tax rate

• Regressive tax system

• Universal basic income

• Tax breaks for high-income earners