Statuses Are Distinguished by the Manner in Which We Acquire

question 101

Multiple Choice

Statuses are distinguished by the manner in which we acquire them.A(n) ______________status is a social position conferred at birth or received involuntarily later in life,based on attributes over which the individual has little or no control,such as race/ethnicity,age,and gender.

• A)achieved
• B)socioeconomic
• C)ascribed
• D)occupational

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Definitions:

Cost Curve

A graphical representation that shows how the cost of producing a good varies with changes in the quantity produced.

Cost Curve

A graphical representation showing how the cost to produce a given quantity of goods varies.

Cost Curve

A graphical representation showing the cost of producing different levels of output.

Economies of Scale

The reduction in the cost per unit that companies experience as a result of their large scale of operations, usually seeing these expenses decrease as the scale grows.