Fixed Costs

question 4

Multiple Choice

Fixed costs:

• A) stay constant.
• B) do not vary as volume varies.
• C) vary proportionately with volume.
• D) vary as volume varies.

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Definitions:

Petit Bourgeoisie

The petit bourgeoisie typically refers to the lower middle class segment in society, often engaged in small-scale businesses or entrepreneurial ventures, possessing modest socioeconomic status.

Gini Index

A measure of the inequality of wealth or income distribution within a country.

Kuznet Curve

An economic theory that suggests inequality increases in the early stages of a country's development but decreases as the country becomes more economically advanced.

Feminization of Poverty

The feminization of poverty refers to the phenomenon where women represent a disproportionate percentage of the world's poor, often attributed to wage disparity, unemployment, and the burden of single parenthood.