Demographic Changes Include Variations in Income Distribution

question 70

Multiple Choice

Demographic changes include variations in income distribution. Which of the following statements is true?

• A) Firms are most interested in the consumers comprising the top ten percent of the household income.
• B) In general, living standards have deteriorated over time.
• C) The general loss in real income has been somewhat offset by the increase in dual-career couples.
• D) Workforce diversity is making the concept of average income obsolete.

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Definitions:

Overseas Investments

Financial investments made by individuals or companies in foreign countries to acquire assets, stocks, or interests in foreign enterprises.

Welfare Capitalism

An approach to labor relations in which companies provide their employees with social welfare services such as pensions, healthcare, and housing; it gained popularity in the early 20th century in the industrialized Western world.

Big Business

Large-scale or major corporations and enterprises that have significant influence on the economy, often with considerable power and resources.

Debt

A sum of money that is owed or due.