Professor Fuentes Is Teaching Her Students About the Three Components

question 27

Multiple Choice

Professor Fuentes is teaching her students about the three components of the social stratification system. She tells them that the three components are:

• A) Income, Wealth and Power
• B) Power, Wealth and Prestige
• C) Power, Income and Prestige
• D) Wealth, Income and Prestige

---

Definitions:

Quality Distribution

The variation in quality levels among goods or services within a category, often affecting consumer choice and market dynamics.

Appraiser

An appraiser is a professional who assesses and determines the market value of assets, such as real estate or personal property.

Used Cars

Pre-owned vehicles that have been owned by one or more retail owners, often sold through various outlets including franchise, independent car dealers, and private party sales.

Equilibrium

An equilibrium state in the market where demand equals supply, thereby stabilizing prices.