The Negatively Privileged Property Classes Include All but Which One

question 21

Multiple Choice

The negatively privileged property classes include all but which one of the following?

• A)completely unskilled persons
• B)those dependent on seasonal employment
• C)those at the bottom of the class system
• D)the bourgeoisie

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Definitions:

Optimal Choice

The most efficient, advantageous selection or decision based on available information and constraints.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute the consumption of one good for another.

Interest Rate

The remuneration, depicted as a fraction of the principal, that a lender exacts from a borrower for asset utilization.

Income Effect

A change in the consumption patterns of individuals or economies due to a change in real income or purchasing power.