Social Class Is Not Considered a Demographic Variable Because It

question 108

True/False

Social class is not considered a demographic variable because it is not a directly observable aspect of the population.

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Definitions:

Market

A place or arrangement through which goods and services are exchanged between buyers and sellers.

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization.

Nonrival-in-consumption

A characteristic of goods where one person's consumption does not diminish the ability of others to use the same good.

Nonexcludable

A characteristic of a good or service that prevents the owner from effectively denying access to it to non-paying individuals or entities.