Which of the Following Statements About Canadian Family Demographics Is

question 22

Multiple Choice

Which of the following statements about Canadian family demographics is true?

• A) There has been an increase in married couples with children
• B) Couples with children exceed those without children
• C) Married couples are a majority
• D) Common-law families are the fastest growing

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Definitions:

Expected Utility

The anticipated satisfaction or value derived from a decision, taking into account the probabilities of different outcomes.

Risk-averse

A term describing individuals or entities that prefer to avoid risk, opting for more certain outcomes even if it means potentially receiving lower returns.

Disability Insurance

A type of insurance that provides income to individuals who are unable to work due to a disability.

Expected Utility

A concept in economics and game theory that represents an individual's preference for certain outcomes over others, calculated as a weighted average of the utility of all possible outcomes.