_____ Is the Ability of Individuals or Households to Alter

question 87

Multiple Choice

_____ is the ability of individuals or households to alter their economic status.

• A) Income inequality
• B) Income mobility
• C) Social equality
• D) Social mobility

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Definitions:

Ethical Egoism

A moral philosophy that posits individuals should act in ways that are in their own self-interest, which can inadvertently or intentionally benefit others.

Self-Interest

Refers to actions that are primarily aimed at benefiting oneself.

Contrary

Opposite in nature, direction, or meaning; it refers to things that are diametrically opposed to each other.

Stoicism

A philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions.