In a Survey of 18 Nations, Which of the Following

question 68

Multiple Choice

In a survey of 18 nations, which of the following statements did most Canadians polled agree with?

• A) "Inequality continues because it benefits the rich and powerful."
• B) "Inequality persists because there are too many government handouts."
• C) "Large gaps between classes motivate people to work harder."
• D) "Government should provide all citizens with a basic income."

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Definitions:

Budget Constraint

The limitation on the consumption bundles that a consumer can afford given their income and the prices of goods and services.

Income

The sum of all a household’s wages, salaries, profits, interest payments, rents, and other forms of earnings in a given period of time. It is a flow measure.

Price

The cost at which something is sold or bought, determining the economic transaction between buyers and sellers.

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a partially sliced bun as a sandwich.