In the United States, Most Wealth Is Inherited, Not Self-Created

question 47

True/False

In the United States, most wealth is inherited, not self-created.

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Definitions:

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.

Industrialized

Pertains to countries or regions that have developed complex and diverse economies with extensive industrial activity as compared to agriculture or primary production.

Scarcity

Refers to the basic economic problem of having seemingly unlimited human wants in a world of limited resources.

Economics

The social science that studies the production, distribution, and consumption of goods and services.