It Is Often Said That You Can Always Tell a Millionaire

question 15

Multiple Choice

It is often said that you can always tell a millionaire by her shoes. She may dress like a slob in every other respect, but someone from the upper class is bound to have expensive, custom-made footwear. Whether this is true or not, it helps demonstrate the way we

• A) try to "better ourselves" by increasing the amount of cultural capital we possess.
• B) allow relative levels of prestige to determine our class status.
• C) make split-second judgments about who people are and what social statuses they occupy based on their appearances.
• D) surrender to the impersonal forces of the market.

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Definitions:

Appreciate the Dollar

A term referring to the increase in value of the U.S. dollar relative to other currencies.

Flexible Exchange Market

A type of foreign exchange market where exchange rates can fluctuate in response to market forces without direct government intervention.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.

Appreciate the Euro

An increase in the value of the Euro relative to other currencies.