Can17L2


  • 1
  • Income is distributed _______ equally than wealth and the Lorenz curve for ______ lies closer to the line of equality.

    more; wealth
    less; wealth
    more; income
    less; income


  • 2
  • The poorest families in Canada are most likely to be living in __________________.

    Saskatchewan
    Quebec
    Ontario
    Newfoundland


  • 3
  • The distribution of _______ is a more accurate indicator of the degree of economic inequality than the distribution of annual income.

    property holdings
    lifetime income
    wage rates
    retirement income


  • 4
  • The distribution of _______ is more skewed than the distribution of _______ because people with higher wage rates tend to work _______ hours.

    wage rates; income; longer
    income; wage rates; longer
    income; wage rates; shorter
    wage rates; income; shorter


  • 5
  • The tendency for people to marry within their own socioeconomic class is called _______________.

    assorted mating
    assortative mating
    non-Cinderella mating
    attraction mating


  • 6
  • The Canadian government redistributes income in all of the following ways except _________________.

    income taxes
    supplying goods and services below opportunity cost
    negative income tax
    income maintenance programs


  • 7
  • Canadian income taxes are _________________.

    negative
    regressive
    proportional
    progressive


  • 8
  • Income maintenance programs include all of the following items except _________________.

    social security programs
    registered retirement savings plans
    welfare programs
    the employment insurance system


  • 9
  • A dollar paid by a rich person in income tax means that a poor person will receive ________________.

    a dollar plus interest
    exactly a dollar's worth of food
    less than a dollar
    exactly a dollar


  • 10
  • A negative income tax _______ the welfare trap and _______.

    eliminates; discourages low-income families from finding employment
    re-enforces; encourages low-income families to find employment
    re-enforces; encourages low-income families to remain on welfare
    eliminates; encourages low-income families to find employment


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