Social Class Is Determined by a Combination of Factors

question 64

Multiple Choice

Social class is determined by a combination of factors. Which of the following is NOT one of the variables used to measure social class?

• A) income
• B) education
• C) occupation
• D) residence
• E) wealth

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Definitions:

Basic Economic Questions

Fundamental questions every economy must answer regarding what to produce, how to produce it, and for whom it is produced.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, reflecting a growing economy.

Outward Shift

In economics, refers to the movement of a curve away from the origin on a graph, typically illustrating growth or increase in factors like production possibility frontier or supply curve.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of new products or processes.