The Garrets Are a Lower-Class Family and Have Four Children

question 74

Multiple Choice

The Garrets are a lower-class family and have four children. The Devlins are a middle-class family that has only two children. The fact that the Garrets have more children is an example of:

• A) differential fertility.
• B) strata ascription.
• C) status achievement.
• D) distinguishing effects.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing to supply at each price level.

Total Variable Costs

The sum of all costs that vary directly with the level of production or output in the short term.

Output

The quantity of goods or services produced within a given time frame by a firm, sector, or country.

Equilibrium Price

The market value at which there's a perfect match between quantity of goods available and quantity desired by buyers.