The Way to "Get" Symbolic Capital Is to

question 9

Multiple Choice

The way to "get" symbolic capital is to

• A)be physically attractive.
• B)earn a lot of money.
• C)speak acceptably and "correctly" in any given situation.
• D)live in a desirable neighborhood.

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Definitions:

Utils

A theoretical unit of measurement used in economics to quantify the level of satisfaction or happiness that a consumer derives from the consumption of goods and services.

Rational

Describes a decision maker who chooses the available option that leads to the outcome he or she most prefers.

Diminishing Marginal Utility

The principle stating that as a person consumes more units of a good, the satisfaction (utility) gained from consuming each additional unit decreases.

Giffin Good

A type of good for which demand increases as the price increases, contradicting the basic law of demand due to the income effect.