Which of the Following Factors Have Contributed to the Shrinking

question 40

Multiple Choice

Which of the following factors have contributed to the shrinking size of the middle class?

• A)Increasing opportunities for those with little education
• B)Independence of the temporary workforce
• C)Global competition and rapid advances in technology
• D)The decline of new growth industries and nonunion workplaces

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Definitions:

Marxism

A socio-political and economic ideology based on the works of Karl Marx, which critiques capitalism and advocates for a classless society through the proletariat's revolt.

Life Chances

The opportunities individual has for achieving economic prosperity, based on various socio-economic factors, including class background and access to education.

Commodity Markets

Markets where raw or primary products are exchanged, typically involving the trading of goods like grains, gold, meat, oil, and natural resources.

Similar Goods

Products or services that fulfill similar needs or desires among consumers, often considered interchangeable or substitutes for one another.