Which of These Statements About Social Class Is False

question 99

Multiple Choice

Which of these statements about social class is false?

• A) Social class may be observed in the everyday habit of a person.
• B) The social class one is born into has enormous consequences for one's life.
• C) Social class is personal and individual, not social structural.
• D) Social class is a major determinant of life chances.

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Definitions:

Taxable Income

The portion of an individual's or entity's income that is subject to taxation by governmental authorities.

Average Tax Rate

The proportion of total taxable income paid in taxes, calculated by dividing the total tax amount by the total income.

Excise Tax

A specific tax levied on certain goods, services, or activities, often included in the price of things like gasoline, alcohol, and tobacco.

Equilibrium Output

The level of output at which the quantity of goods produced equals the quantity of goods demanded, with no excess supply or demand in the market.