Canada Has A(n) ________ Class Structure in Terms of Income

question 30

Multiple Choice

Canada has a(n) ________ class structure in terms of income distribution and a(n) ________ structure in terms of the groups that occupy the positions.

• A) increasing; decreasing
• B) stable; changing
• C) decreasing; increasing
• D) changing; stable

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Definitions:

Insurance

A financial product that provides compensation for specific losses or damages in exchange for regular payments, known as premiums.

Expected Return

The anticipated return on an investment, calculated as the weighted average of all possible returns, weighted by the likelihood of each outcome.

Diversification

A risk management strategy that involves allocating portfolio resources or capital to a variety of investments to reduce exposure to any single asset or risk.

Diversification

The strategy of allocating investments among various financial assets or sectors to reduce risk.