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Labour, Poverty & Inequality Quiz

Labour, Poverty & Inequality · Expert

20 questions · Unlimited attempts · Free online practice

Work provides income, opportunities, and economic security, but not everyone has equal access to jobs or resources. Understanding labour, poverty, and inequality helps explain why...

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All 20 questions in this Labour, Poverty & Inequality quiz

The economic hypothesis stating that complex physical machinery and highly educated workers are deeply synergistic, meaning new technology increases the demand for smart workers while replacing manual laborers, is called:
- A. The Luddite paradox
- B. Capital-skill complementarity
- C. Endogenous automation
- D. The Solow residual
In sociology and economics, the ability of children to achieve a higher absolute income than their parents, adjusted for inflation, is called what?
- A. Relative mobility
- B. Structural momentum
- C. Absolute mobility
- D. The wealth effect
The historic discriminatory practice where banks and insurance companies systematically denied mortgages or financial services to residents of specific, often minority-populated neighborhoods is called:
- A. Gentrification
- B. Blockbusting
- C. Redlining
- D. Steering
Which curve shows inflation-unemployment?
- A. LM
- B. Lorenz
- C. IS
- D. Phillips
The economic value of a worker's experience, skills, education, and health is collectively referred to as what?
- A. Physical capital
- B. Social capital
- C. Human capital
- D. Sweat equity
Which economic model, formulated by Gary Becker, argues that bigoted employers who refuse to hire a specific minority group will eventually be driven out of business by non-bigoted competitors?
- A. Statistical discrimination
- B. Taste-based discrimination
- C. The halo effect model
- D. Institutional prejudice theory
Which economic observation states that as a household's income increases, the percentage of that income spent on food decreases?
- A. Say's Law
- B. Gresham's Law
- C. Engel's Law
- D. Okun's Law
Designated areas in developing countries that offer tax breaks and relaxed labor regulations to attract foreign manufacturing operations are called:
- A. Enterprise command zones
- B. Free trade havens
- C. Export processing zones (EPZs)
- D. Tariff-free domains
An age-population measurement comparing the number of people too young or too old to work against the number of productive, working-age people is called the:
- A. Dependency ratio
- B. Demographic dividend
- C. Labor replacement rate
- D. Senescent coefficient
What is 'Standard of Living'?
- A. Level of wealth and comfort available to a people
- B. Height of buildings
- C. Price of gold
- D. Total population
What is 'Poverty'?
- A. A job
- B. A type of tax
- C. State of being extremely poor
- D. Wealth
Which term describes the economic theory that increasing the minimum wage causes employers to heavily invest in robotics and artificial intelligence to replace workers?
- A. Capital-labor substitution
- B. The productivity paradox
- C. The Luddite effect
- D. Artificial redundancy
Which US state program famously provides a form of universal basic income by distributing an annual dividend to all its residents, funded entirely by state oil revenues?
- A. The Texas Sovereign Fund
- B. The Alaska Permanent Fund
- C. The North Dakota Heritage Fund
- D. The Wyoming Oil Dividend
Government interventions such as job search assistance, subsidized employment, and direct job training aimed at helping the unemployed find work are collectively called:
- A. Universal Basic Services
- B. Active Labor Market Policies (ALMP)
- C. Keynesian Job Guarantees
- D. Passive Welfare Mechanisms
The systemic decrease in wages, perceived competence, and career advancement that working women face after having children is commonly referred to as the:
- A. Glass escalator
- B. Motherhood penalty
- C. Pink-collar tax
- D. Reproductive differential
When workers remain unemployed for so long during a recession that their skills degrade and they become unemployable even when the economy fully recovers, this permanent damage is called:
- A. Structural stagnation
- B. Economic attrition
- C. Labor hysteresis
- D. The scarring effect
What is unemployment?
- A. Low wage
- B. Inflation
- C. High tax
- D. No job
What statistical metric measures the degree to which a child's eventual adult income is determined by their parents' income, acting as a proxy for social mobility?
- A. Intergenerational elasticity of income (IGE)
- B. The Kuznets mobility ratio
- C. The absolute status coefficient
- D. The heritage wealth multiplier
In a monopsonistic labor market, the cost to an employer of hiring one additional worker is fundamentally higher than the actual wage paid to that worker. What is this cost called?
- A. Marginal Revenue Product
- B. Average Variable Cost
- C. Marginal Factor Cost
- D. Deadweight Hiring Cost
What demographic term refers to individuals who spend at least 27 weeks a year in the labor force but still have incomes below the official poverty level?
- A. The working poor
- B. The precariat
- C. The structurally displaced
- D. The gig class

Labour, Poverty & Inequality Quiz

Labour, Poverty & Inequality · Expert

Time is up! Quiz Complete!

The economic hypothesis stating that complex physical machinery and highly educated workers are deeply synergistic, meaning new technology increases the demand for smart workers while replacing manual laborers, is called:

In sociology and economics, the ability of children to achieve a higher absolute income than their parents, adjusted for inflation, is called what?

The historic discriminatory practice where banks and insurance companies systematically denied mortgages or financial services to residents of specific, often minority-populated neighborhoods is called:

Which curve shows inflation-unemployment?

The economic value of a worker's experience, skills, education, and health is collectively referred to as what?

Which economic model, formulated by Gary Becker, argues that bigoted employers who refuse to hire a specific minority group will eventually be driven out of business by non-bigoted competitors?

Which economic observation states that as a household's income increases, the percentage of that income spent on food decreases?

Designated areas in developing countries that offer tax breaks and relaxed labor regulations to attract foreign manufacturing operations are called:

An age-population measurement comparing the number of people too young or too old to work against the number of productive, working-age people is called the:

What is 'Standard of Living'?

What is 'Poverty'?

Which term describes the economic theory that increasing the minimum wage causes employers to heavily invest in robotics and artificial intelligence to replace workers?

Which US state program famously provides a form of universal basic income by distributing an annual dividend to all its residents, funded entirely by state oil revenues?

Government interventions such as job search assistance, subsidized employment, and direct job training aimed at helping the unemployed find work are collectively called:

The systemic decrease in wages, perceived competence, and career advancement that working women face after having children is commonly referred to as the:

When workers remain unemployed for so long during a recession that their skills degrade and they become unemployable even when the economy fully recovers, this permanent damage is called:

What is unemployment?

What statistical metric measures the degree to which a child's eventual adult income is determined by their parents' income, acting as a proxy for social mobility?

In a monopsonistic labor market, the cost to an employer of hiring one additional worker is fundamentally higher than the actual wage paid to that worker. What is this cost called?

What demographic term refers to individuals who spend at least 27 weeks a year in the labor force but still have incomes below the official poverty level?