Which of the Following Is a True Statement About Poverty

question 36

Multiple Choice

Which of the following is a true statement about poverty among seniors in Canada?

• A) Due to comprehensive social policies over the past several decades, poverty among the elderly in Canada has been eradicated.
• B) Poverty among elders in Canada is exclusively a gendered issue with Canadian elderly females being among the poorest in our nation.
• C) Current cohorts of older women are more at risk due to: having worked less in paid employment; having worked for low wages; having minimal or no retirement benefits; and longevity.
• D) Statistics Canada reports that both genders are equally represented in poverty statistics pertaining to seniors, with the biggest risk factors being unattached status and living alone.

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Definitions:

Opportunity Cost

The economic impact of dismissing the next prime alternative while reaching a decision.

Scarce Resources

Limited supplies of inputs necessary for production, leading to trade-offs and choices in their allocation.

Capital

Assets or money possessed by an individual or organization, which can be used for initiating a business or investment purposes.

Marginal Rate

The additional cost or benefit associated with producing or consuming one additional unit of a good or service.