Which of the Following Is False About Social Mobility in the United

question 117

Multiple Choice

Which of the following is false about social mobility in the United States today?

• A) In the U.S. anyone who works hard enough can get ahead.
• B) Social mobility occurs in the U.S., but less often than believed by most.
• C) Most people remain in their class of origin.
• D) Social mobility is greatly influenced by education.

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Definitions:

Foreign Currency

Money or legal tender issued by a country that is not the domestic currency where a particular transaction is taking place.

Exchange Rates

The rate at which one currency is exchanged for another, indicating the quantity of one currency that can be traded for another.

Appreciates

Describes when the value of an asset increases over time in comparison to its original cost.

Eurobond

A bond that is issued in a foreign currency, different from the currency of the country or market where it is being issued.