Empirical Studies of Social Mobility Conclude That Most Children (More

question 19

True/False

Empirical studies of social mobility conclude that most children (more than 50 percent) can expect to be at a higher class level than their parents.

---

Definitions:

Factors of Production

The inputs used in the production of goods or services in the process of creating economic value, including land, labor, capital, and entrepreneurship.

Goods and Services

The tangible and intangible items that satisfy human wants and needs, which are produced and consumed by individuals and businesses.

Consumption Expenditures

The total amount spent by households on goods and services for personal use.

Government Expenditures

The total amount spent by the government, including spending on goods, services, and public works, and transfer payments.