Given What You Have Read About Socioeconomic Status and Life

question 112

Multiple Choice

Given what you have read about socioeconomic status and life chances, what activity is most likely to take the place of a yoga class for a working-class woman?

• A) taking care of her children after work
• B) watching television
• C) meeting neighbors for drinks at the local bar
• D) visiting with extended family members
• E) taking a night class at a community college

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Definitions:

Financial Capital

Economic resources measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services.

Law Of Supply

The principle that, all else equal, an increase in the price of goods will lead to an increase in the quantity supplied.

Good

An item or service that satisfies human wants and provides utility, which can be transferred or sold.

Sellers

Individuals or entities that offer goods or services in exchange for monetary or other forms of compensation.