Flashcards
UNIT ONE
Flashcards do conjunto (22)
- 1Assume that the date for the age-based cut-off for entering elementary school is July 1. Further assume that beginning in the first grade, students are placed into different “streams” according to ability. If you want to succeed academically, when would you want to be born?July, August, September
- 2What is a quintile?1/5
- 3In the United States, how much income does the top quintile have compared to the bottom quintile?15 times as much
- 4In the United States, how much income does the bottom quintile have?3.4% or $10,655
- 5In the United States, how much income does the top quintile have?50.5% or $159,583
- 6If the United States had no income inequality, how much would the top quintile get compared to the bottom quintile?the same amount
- 7Now look at How Class Works: Income Mobility. How much of a chance does someone who is in the bottom fifth have of ending up in the top fifth 10 years later?1/40
- 8How much of a chance does someone in the top fifth have of ending up in the bottom fifth 10 years later?1/20
- 9If someone is in the bottom fifth, how much of a chance do they have of still being in the bottom fifth 10 years later?About a 50% chance
- 10If someone is in the top fifth, how much of a chance do they have of still being in the top fifth 10 years later?About a 50% chance
- 11Why are some individuals more successful than others?It’s due to their hard work and their social environment
- 12If you want to be rich in America, what kind of family will give you the best chance of doing so?Top fifth
- 13Everyone in America has an equal chance to be rich.FALSE
- 14The fact that social environment affects individual success means that what the individual does doesn’t matter.FALSE
- 15Ben Carson is an African American who grew up in a poor, single-parent home. He is now a professor of neurosurgery, oncology, plastic surgery, and pediatrics at the Johns Hopkins School of Medicine. He is most like the individual inColumn 2
- 16What is the 90/10 score for the United States?5.6
- 17Where does the United States 90/10 score fall compared to other industrialized countries?HIGHEST
- 18What does it mean to say that the United States has the highest 90/10 score?The United States has the highest level of inequality
- 19Based on the 90/10 data, if you wanted to maximize how wealthy you were compared to the average citizen, where should you live?UNITED STATES
- 20Based on the 90/10 data, if you wanted to maximize how poor you were compared to the average citizen, where should you live?UNITED STATES
- 21Based on the 90/10 data, if you wanted to reduce your chances of falling into extreme poverty, where should you live?SWEDEN
- 22The fact that income inequality varies across countries suggests thatStructural factors related to inequality vary across countries