An Income Test Devised to Indicate Poverty for Those People

question 54

True/False

An income test devised to indicate poverty for those people whose incomes fall at the bottom quintile of the income distribution list is called an absolute income test.

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Definitions:

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Formality

The degree to which actions, processes, or relationships in professional settings are governed by established rules and procedures.

North American Free Trade Agreement

A trilateral trade bloc in North America created to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace.

Tariffs

Taxes imposed on imported goods, intended to regulate trade, protect domestic industries, or generate revenue for the government.