Which of the Following Holds True for Middle Class Consumers

question 89

Multiple Choice

Which of the following holds true for middle class consumers?

• A)Their family income is usually between $20,000 and $30,000.
• B)They rely on assistance to cover their basic needs.
• C)They are primarily into business rather than white-collar jobs.
• D)They tend to be careful about their spending and are often value-conscious.
• E)Their spending patterns are not influenced by economic conditions.

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Definitions:

Syndicate

A group of individuals or firms that join together to finance a project; also called an investment group.

Corporation

A legal entity that is separate from its owners, offering limited liability to its shareholders, and able to own property, enter contracts, and sue or be sued.

Partnership

A legal arrangement where two or more individuals share ownership of a business, including its liabilities and profits.

Cooperative

An association, which may or may not be incorporated, that is organized to provide an economic service to its members. Unincorporated cooperatives are often treated like partnerships for tax and other legal purposes.