Socioeconomic Status Is Used Primarily to Classify People by Their

question 52

Multiple Choice

Socioeconomic status is used primarily to classify people by their

• A) education.
• B) housing value.
• C) occupation.
• D) social class.

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Definitions:

Capital

Refers to wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

Labor

The effort by humans to produce goods or provide services in the economy, often measured in terms of hours worked or output produced.

Metal Alloy

A mixture of two or more elements, where at least one is a metal, created to enhance properties such as strength, durability, or resistance to corrosion.

Zinc

A chemical element with the symbol Zn and atomic number 30, often used for galvanizing iron and steel to protect against rust.