Social Classes Are Typically Identified Using _________ Indicators.​

question 71

Multiple Choice

Social classes are typically identified using _________ indicators.​

• A) ​economic
• B) ​political
• C) ​sexual
• D) ​religious

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Definitions:

Entrepreneur's Forgone Interest

The potential interest income sacrificed by an entrepreneur when choosing to invest personal funds into their own business rather than in an interest-bearing account.

Long-Run Average Cost

The per-unit cost of production in the long-term, where all input factors are variable, indicating economies or diseconomies of scale.

Upward-Sloping

Describes a line on a graph that demonstrates an increase in value as it moves to the right, often used to represent increases in costs or prices.