Nick Grew Up with Daisy in an Upper-Class Family but Experienced

question 71

Multiple Choice

Nick grew up with Daisy in an upper-class family but experienced __________ when his fortunes took a turn for the worse after a terrible automobile accident cost him everything.

• A) class stratification
• B) downward mobility
• C) a family myth
• D) classism

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Definitions:

Dollar

The basic monetary unit used in the United States and some other countries.

Economic Activities

Actions that involve the production, distribution, and consumption of goods and services in an economy.

Revenues

Income earned by a company from its business activities, typically from the sale of goods and services to customers.

Sale Of Merchandise

This refers to the income generated from selling products that a business typically offers to its customers.