Poverty and Inequality in America and China

What event in 2008 particularly hurt the poorest Americans?

• A natural disaster

• A financial crisis

• A war

• A health epidemic

According to the IMF Working Paper, what has China experienced over the past two decades?

• Increase in poverty

• Sharp reduction of poverty

• No change in poverty

• Slight increase in poverty

By 1990, how was China classified in terms of inequality?

• Highly unequal

• Moderately unequal

• Very equal

• Slightly unequal

What is the Gini coefficient used to measure?

• Economic growth

• Income inequality

• Population size

• Education levels

Who pioneered a structural approach to political economy?

• Albert Einstein

• Karl Marx

• Isaac Newton

• Charles Darwin

What does the law of disproportionality suggest about capitalism?

• It is stable and predictable

• It is prone to instability

• It always benefits workers

• It never changes

What is the effect of capitalism on wealth distribution according to the law of concentration?

• It makes wealth distribution equal

• It increases inequality in wealth distribution

• It decreases inequality in wealth distribution

• It has no effect on wealth distribution

Which law is associated with the accumulation of capital?

• The law of gravity

• The law of concentration

• The law of supply and demand

• The law of attraction

What is the leading source of income for households in the capitalist class?

• Wages

• Profits

• Donations

• Gifts

Why do workers need to work according to the text?

• To have fun

• To receive an income

• To make friends

• To travel