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Income and Wealth Inequality: Crash Course Economics #17

Total questions: 10

Worksheet time: 3hrs 30mins

Name
Class
Date
1.

What are the two main types of economic inequality?

a)

wealth inequality

b)

income inequality

c)

social inequality

d)

energy inequality

2.

Global wealth is distributed equally around the globe.

a)

False

b)

True

3.

Branko Milanovic was an economist that specialized in ...

a)

inequality

b)

banking

c)

scarcity

d)

distribution

4.

Globalization has helped rich people more than it has helped poor people.

a)

True

b)

False

5.

If you only have a high school diploma and no college degree, you can expect your salary to ...

a)

decrease with time.

b)

increase with time.

c)

stay the same over time.

6.

Max Lorenz created a graph to show ...

a)

inequality

b)

distribution

c)

wealth

d)

trade

7.

There is a debate over whether income equality actually exists.

a)

False

b)

True

8.

More income inequality promotes more _____ inequality.

a)

political

b)

trade

c)

distribution

d)

health

9.

____________ is the key to reducing the income gap.

a)

Education

b)

Political power

c)

A new economic system

10.

A _______ tax is one in which the tax rate increases as the taxable amount increases.

a)

progressive

b)

regressive

c)

social

d)

communist