When the Children of Working-Class Parents Manage to Attend College

question 53

Multiple Choice

When the children of working-class parents manage to attend college and get a job in a professional field, it is an example of:

• A) intragenerational mobility.
• B) horizontal social mobility.
• C) downward mobility.
• D) lack of mobility.
• E) intergenerational mobility.

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Definitions:

Discrete Pricing

Discrete pricing refers to the practice of setting prices at fixed amounts rather than having a continuous range of prices, often seen in goods sold in whole units rather than continuous quantities.

Price Discrimination

A selling strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.

Pricing Scheme

A strategy or formula used to determine the selling price of goods or services, taking into account costs, market conditions, and consumer demand.

Reservation Price

The maximum price a consumer is willing to pay for a good or service or the minimum price a seller is willing to accept.