Examlex
You have just started your economics exam when suddenly you start sweating and feeling slightly nauseous, you develop a headache, and your mind goes blank. Explain what is likely happening and describe at least three strategies that can help you overcome these feelings so that you can focus on your test.
Socio-economic Status
A measure of an individual's or group's economic and social position in relation to others, based on income, education, and occupation.
Conspicuous Consumption
The act of buying and using products to make a statement about social status rather than to meet the basic needs.
Closed System
A social system in which status is based on attributes ascribed at birth.
Ascribed Status
Attributes (advantages and disadvantages) assigned at birth (e.g., sex).
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