Exam 12: Income, Social Class, and Family Structure

Which is the fastest-growing segment of the working Canadian population according to Statistics Canada?

One study on social class looked at how it relates to consumers' feelings of empowerment. Those who feel they are at the mercy of their economic situations were called:

Universally,people develop a ________ whereby they are ranked in terms of their relative standing in society.

In general,working class people focus more on ________ needs while higher classes focus more on ________ needs.

Because a person's occupation tends to be strongly linked to his or her use of leisure time,allocation of family resources,political orientation,and so on,this variable is often considered to be the single best indicator of social class.

Consumers who are "in the know" about valued status symbols may switch gears and deliberately seek to mock the prizing of such status symbols by avoiding them,for example,by wearing torn blue jeans,a form of consumption called:

Which is the fastest-growing segment of working people and what impact are they having?

People for whom productive work is taboo were termed the leisure class by Veblen.

The nuclear family:

Is there a universal social class concept?

The concept of the potlatch,the extravagant feast and display and often even the destruction of wealth or possessions (to show that one can afford to)characteristic of the Kwakiutl Indians of the Pacific Northwest,is analogous to the modern concept of:

Which is the best description of discretionary income?

What is generally true of consumers in a recession?

The most influential and the earliest attempt to describe Canadian class structure was proposed in 1958 by:

A census family is defined as any household of individuals living together.

Canada is the only G7 nation to have fully recovered in terms of employment and GDP. This has been attributed to:

The Garrets are a lower-class family and have four children. The Devlins are a middle-class family that has only two children. The fact that the Garrets have more children is an example of:

The ________ is the average number of children that would be born per woman if all women lived to the end of their childbearing years and bore children according to a given fertility rate at each age.

How does consumer optimism or pessimism effect spending?

In dual-income households without children,approximately what percentage of women earn more than their spouses?