Chapter 19 Post Quiz
Efficiency vs Equality: The Big Tradeoff

Matching Questions:

Match the terms on the left with the definition in the column on the right. Enter the lowercase letter of that definition in the box to the left of the question number.

	1. Personal income	a. Shows the levels of income and wealth inequality in an economy.
	2. Disposable personal income	b. Personal income minus taxes.
	3. Wealth	c. A subsidized health program for those over 65 years of age.
	4. Lorenz curve	d. One in which government overrides market forces to protect individuals and to guarantee citizens a minimum standard of living.
	5. Single-parent families headed by women	e. Provides subsidies to low-income families.
	6. Welfare state	f. An increasingly large share of the poor population.
	7. Medicare	g. The total receipts or cash earned by a person or a household during a given time period.
	8. Negative income tax	h. Would provide health care to all individuals on an equal basis.
	9. Nationalized health care	i. The dollar value of financial and tangible assets, minus the amount of money owed to banks and other creditors.