Though the Estimates May Not Be Very Accurate at All

question 16

Multiple Choice

Though the estimates may not be very accurate at all, it appears that

• A) as many as one of every three adults in Latin American cities does not have a steady job.
• B) income distribution may be evening out, if extremely slowly.
• C) the number of professionals, landowners, and business owners is growing, with more of them coming from within the country than was the case in earlier years.
• D) unskilled urban workers are earning a great deal more than they ever have before.
• E) industrial workers in most countries have begun to participate actively in local politics, with some even being elected to the legislatures.

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Definitions:

Money

A means of trade employed to simplify the process of buying and selling goods and services.

Product Market

The marketplace in which final goods or services are offered to consumers, businesses, and the public sector.

Household

A social unit of people living together, typically characterized by common residence, economic cooperation, and often familial ties.

Business

An organization or economic system where goods and services are exchanged for one another or for money.