All of the Following Are Functions Provided by the Poor

question 48

Multiple Choice

All of the following are functions provided by the poor to affluent groups except that they:

• A) ​are available to do the unpleasant jobs no one else wants to do.
• B) ​create cultural forms, such as jazz and the blues, that are often adopted by the affluent.
• C) help create jobs, such as jobs for social workers who provide services to the poor.
• D) contribute to the society by serving as politicians.

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Definitions:

Cross Hedging

The practice of hedging risk by using a contract that is correlated with, but not identical to, the actual underlying asset or liability.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type, often traded on futures exchanges.

Futures Contract

A contract to purchase or sell a specified commodity or financial instrument at an agreed-upon price at a future date.

Credit Risk

The risk that the bond will not make all of its promised payments; default risk.