Practice Questions
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What is the primary factor that contributes to intergenerational wealth in the United States?
Many families pass down money and property to their children. Other options are incorrect because Some people think that government help is the main w...
How do racial disparities and geographic influence contribute to wealth disparities in the United States?
Where you live can change what you can access. Other options are incorrect because This idea suggests everyone has the same chance, which isn't true; ...
How do taxation policies in the U.S. influence wealth distribution among different socioeconomic groups?
Tax policies can make the rich richer and the poor poorer. Other options are incorrect because Some think taxes help everyone equally; It's a common b...
How has historical context influenced intergenerational wealth disparities in the U.S. with respect to access to education?
Families that had better access to education in the past could earn more money. Other options are incorrect because This idea suggests that everyone h...
How does intergenerational wealth impact socio-economic status in the U.S., and what role do government interventions play in addressing these disparities?
Intergenerational wealth means families pass down money and assets. Other options are incorrect because This answer suggests that wealth doesn't matte...
What term describes the unequal distribution of wealth among individuals or groups within the U.S.?
Wealth disparity means some people have much more money than others. Other options are incorrect because Social mobility is about how easily people ca...
Which of the following factors contributes most significantly to wealth accumulation in the U.S.?
Inheritance is when people receive money or property from family members after they pass away. Other options are incorrect because Some think educatio...
Which of the following best describes a systemic barrier that contributes to wealth disparities in the U.S.?
When people cannot afford education, they miss chances to get good jobs. Other options are incorrect because Some think that how people spend money is...
Which of the following factors contribute to wealth disparities in the U.S.? Select all that apply.
Wealth disparities are complex and involve many factors not listed here. Other options are incorrect because Some might think race affects wealth dire...
A study finds that a single parent with two children living in a low-income neighborhood has a net worth of -$10,000 due to high debt from student loans and credit cards. Which category best describes the factors contributing to this individual's wealth status?
Economic mobility barriers make it hard for people to improve their financial situation. Other options are incorrect because Some might think race is ...
Arrange the following factors that contribute to wealth disparities in the U.S. in the correct order of their impact: A. Income level B. Education C. Race D. Marital Status
Education is very important for getting good jobs, which leads to higher income. Other options are incorrect because This suggests income is the most ...
Which of the following factors most significantly contributes to wealth disparities in the U.S.?
Household income differences are a big reason why some people have more money than others. Other options are incorrect because Some might think that i...
What is a primary underlying cause of the negative average household wealth observed in the bottom quintile of U.S. households?
Many families in the bottom group owe more money than they own. Other options are incorrect because Some people think that not knowing about money is ...
In the context of wealth disparities in the U.S., the term that describes the financial situation where individuals have more debt than assets, resulting in a negative wealth value, is _____.
Net worth is what you own minus what you owe. Other options are incorrect because Wealth inequality talks about the gap between rich and poor; Economi...
What primarily contributes to the negative average household wealth in the bottom quintile in the U.S.?
Many people in the bottom wealth group have more debt than they own in assets. Other options are incorrect because Some think that not knowing about m...
Wealth disparities in the U.S. can be likened to income levels in a different country: Low income:High poverty :: High wealth:?
High wealth often means fewer chances for people to move up in income. Other options are incorrect because Some might think that having a lot of wealt...
Maria is a recent college graduate with significant student loan debt and is struggling to find stable employment. She often reflects on how her financial situation compares to her friends who come from wealthier backgrounds. How might Maria's experience illustrate the concept of wealth disparities in the U.S.?
Maria's situation shows that not everyone has the same chances. Other options are incorrect because This idea suggests that everyone is responsible fo...
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