Most Americans Indicate the Class They Belong to Is the

question 52

Multiple Choice

Most Americans indicate the class they belong to is the

• A) upper or wealthy class.
• B) middle class.
• C) white-collar working class.
• D) blue-collar working class.

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Definitions:

Market Economy

An economic system in which supply and demand from consumers direct the production of goods and services.

Market System

An economic system based on supply and demand where prices are determined in a free price system.

Consumer Sovereignty

The theory that consumers' preferences determine the production and sale of goods and services in a market.

Bitcoin Miners

Individuals or companies that use computer hardware to validate Bitcoin transactions and secure the network, earning bitcoins in return.