When a Company Breaks the World into Three Classes of Economic

question 2

Multiple Choice

When a company breaks the world into three classes of economic conditions, it does so because

• A) tastes and preferences tend to be similar within economic classes.
• B) cultures in newly industrialized countries are often easier to understand.
• C) values tend to be similar within economic classes.
• D) it helps define the economic capabilities of consumers.

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Definitions:

Single Mother

A woman who parents a child or children without the support of a partner in the household.

Electric Bill

A statement of the cost of electricity consumption for a specific period, typically issued monthly by utility companies to households or businesses.

Feminization Of Poverty

The theory that (1) women are more likely to be low-income earners than men, and (2) the low-income gap between women and men is growing.

Low-Income Earners

Individuals or families whose income falls below a certain threshold, often determined by national or regional standards, leading to potential financial instability.