Most Observers of Cultural Change Think That We Now Live

question 11

Multiple Choice

Most observers of cultural change think that we now live in the age of

• A) modernity.
• B) postmodernity.
• C) classicism.
• D) avant-gardism.
• E) Aquarius.

---

Definitions:

Standards of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Developing Countries

Countries with a low living standard because of less human and physical capital per worker; typified by high rates of illiteracy, high unemployment, high fertility rates, and exports of primary products; also known as low-income and middle-income economies

Physical Capital

The stock of equipment, buildings, vehicles, and machinery that is used to produce goods and services; a factor of production that is not consumed in the production process.

Labor Productivity

The output per worker, assessing how efficiently labor is utilized in production.