1. If the median income in Canada is $50,000, it means Select one: a. that the p

Question

1.

If the median income in Canada is $50,000, it means

Select one:

a. that the poverty level is $50,000

b. that all Canadians earn $50,000

c. Canadians who earn $50,000 or more are classified as rich

d. 50 percent of Canadians who do not earn $50,000 earn less than $50,000 and 50 percent of Canadians who do not earn $50,000 earn more than $50,000

e. that the average income in Canada is $50,000

Question 2

Answer saved

Marked out of 10

Flag question

Question text

A case for equality of income distribution can be based on

Select one:

a. the randomness of personal misfortune

b. the linkage between effort and reward

c. the ethic "from each according to his or her ability to each according to his or her ability"

d. allowing the market to dictate outcomes

e. maximization of opportunity

Question 3

Answer saved

Marked out of 10

Flag question

Question text

Government assistance programs in the United States

Select one:

a. have expanded significantly since their establishment in 1964.

b. consist mainly of cash payments.

c. are funded entirely by the federal government.

d. have typically required beneficiaries to participate in community work or job training programs.

e. are primarily funded by state governments.

Question 4

Answer saved

Marked out of 10

Flag question

Question text

The poor in the United States are disproportionately people who

Select one:

a. have less than a high school education

b. have incomes that are essentially nonwage incomes

c. are poor white women

d. are families with over 5 children

e. live in cities

Question 5

Not yet answered

Marked out of 10

Flag question

Question text

Looking at a Lorenz curve, the first quintile viewed from the origin records the

Select one:

a. the income held by the richest 50 percent of population

b. the income held by the richest 20 percent of population

c. the income held by the poorest 50 percent of population

d. the income held by the poorest 20 percent of population

e. the wealth held by the poorest 10 percent of populatio

Explanation / Answer

Median is a number dividing the series in equal halves, from lowest to highest.

A median income of $50,000 means that half of the population has income less than $50,000 and half of the population has income more than $50,000

Therefore, correct option is : d. 50 percent of Canadians who do not earn $50,000 earn less than $50,000 and 50 percent of Canadians who do not earn $50,000 earn more than $50,000

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.