How Far an Individual Moves Up or Down the Socioeconomic

question 50

Multiple Choice

How far an individual moves up or down the socioeconomic scale in her lifetime is called:

• A) intragenerational mobility
• B) intergenerational mobility
• C) life course
• D) life history

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Definitions:

One-Child Policy

A former Chinese government policy designed to limit most urban families to only one child.

Market-Oriented Economic Development

A strategy that emphasizes adapting products and services to consumer preferences and market demands to foster economic growth.

Currency Exchange Policies

Regulations and practices governing the exchange of one country's currency for another, influencing international trade and economic stability.

Pricing Strategies

Comprehensive plans developed to find the optimal price point to maximize sales and profits while considering costs, competition, and customer demand.