Which of the Following Observations Was Central to Gerhard Lenski's

question 3

Multiple Choice

Which of the following observations was central to Gerhard Lenski's theory about changing levels of inequality over the past centuries?

• A) Social inequality would disappear once socialism replaced capitalism.
• B) Agrarian societies were characterized by very low levels of inequality.
• C) Industrial capitalism brought with it reduced levels of social inequality.
• D) Industrial capitalism generated the highest level of inequality ever observed.

---

Definitions:

Simple Interest

Interest calculated only on the principal amount, without compounding.

Account

A record or statement that details financial transactions and their impact on an entity's financial position.

Guaranteed Annual Rate

The minimum annual return promised to an investor by an investment product, regardless of market conditions.

Fixed Rate

An interest rate that remains the same throughout the entire term of a loan, investment, or financial product.