A Large Percentage of the New Upper-Middle Class

question 10

Multiple Choice

A large percentage of the new upper-middle class:

• A) are two-income couples.
• B) are couples who are both college-educated.
• C) are corporate executive executives or high governmental officials.
• D) are gentrifying run-down city neighborhoods.
• E) all of the above

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Definitions:

Market Structure

The organizational and other characteristics of a market that influence the nature of competition and pricing.

Strategic Behavior

The actions taken by companies or individuals in anticipation of their rivals' actions and reactions to maximize their own benefits.

Influences Market Price

Factors or conditions that affect the selling price of goods or services in a market, including supply, demand, competition, and external economic conditions.

Barriers

Obstacles or impediments that prevent or hinder progress, such as trade barriers which can restrict the flow of goods between countries.