The Giving Pledge is a campaign founded by _____ to encourage billionaires to give back to society through charitable donations.
a. the Koch Brothers
b. Bill and Melinda Gates and Warren Buffet
c. Donald Trump and Oprah Winfrey
d. Sam, Christy, and Alice Walton
Question 2When it comes to wealth, the top 1 of Americans own _____ of the country's net worth.
a. 99
b. 75
c. 40
d. 20
Question 3The Gini-coefficient (also known as the Gini-index) is a commonly used measure of economic
a. forces.
b. GDP.
c. history.
d. inequality.
Question 4The top 20 of Americans takes in half of all personal income in the United States, while the lowest 20 of the population makes just _____ of all personal income.
a. 49.0
b. 10.2
c. 3.4
d. 1.2
Question 5_____ is defined as a person's net worth (assets minus liabilities).
a. Income
b. Wealth
c. Earning potential
d. Value
Question 6Jillian earned 10 per hour as gallery assistant. This money represents her
a. income.
b. wealth.
c. earning potential.
d. net worth.
Question 7Discuss the basic tenet of capitalism and how it affects the persistence of poverty.
What will be an ideal response?
Question 8Discuss institutional discrimination and ways it traps the poor in a cycle of poverty.
What will be an ideal response?
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