Final Answer:
The given statement, "They devote a larger share 20% or more to LICO than the average family/individual in a given location," is false (F) because Whether a family or individual devotes 20% or more to the Low Income Cut-Off (LICO) varies based on personal financial circumstances, and it doesn't inherently reflect the average allocation within a location.
Step-by-step explanation:
The allocation of income towards the Low Income Cut-Off (LICO) isn't uniform and can't be conclusively stated as true or false without specific context. Families or individuals allocating over 20% to LICO may indicate financial strain, but it doesn't automatically align with the average allocation in a given location. Numerous factors, including varying income levels, expenses, and local economic conditions, affect how much individuals allocate to necessities defined by the LICO. Therefore, stating it as a universal truth about the average allocation in a location lacks the necessary contextual accuracy.
Correct answer: False (F)