In France, Status Is Often the Result of All the Following

question 6

Multiple Choice

In France, status is often the result of all the following factors except

• A)organizational factors.
• B)seniority.
• C)education.
• D)personal accomplishment.

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Definitions:

Resources Scarcity

The economic problem of having seemingly unlimited human wants in a world of limited resources.

Consumer's Income

The total amount of earnings available to an individual or household to spend or save after taxes.

Budget Line

A graphical representation showing all possible combinations of two goods that can be purchased with a given budget at current prices.

Money Income

The total amount of money or monetary earnings received by an individual or household over a certain period of time.