Which of the Following Accurately Describes the Myth of Meritocracy

question 8

Multiple Choice

Which of the following accurately describes the myth of meritocracy?

• A) The notion of pulling oneself up by her or his bootstraps due to equal access within capitalist society.
• B) The idea that the "second shift" means women are equally compensated both monetarily and socially.
• C) The idea that wealth is accumulated by merit;class,gender,race,and other factors have no bearing on the accumulation of wealth in society.
• D) The notion that wealth is equally accessible with or without a college education,and that women are the primary workers and men are the primary caretakers.

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Definitions:

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time, indicating the rate at which purchasing power is eroding.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, as an indicator of inflation or deflation.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to calculate real GDP.

New Goods

Products that have been recently introduced to the market, offering novel features or technologies.