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The Text Defines Middle-Income Nations as Having Per Capita Income

question 29

True/False

The text defines middle-income nations as having per capita income between $2,500 and $10,000 per year.


Definitions:

Socialism

A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Working-Class Women

Refers to women belonging to the socio-economic class that is employed in manual labor or industrial work, often facing distinct social and economic challenges.

Domestic Service

Work involving household tasks such as cleaning, cooking, and child-rearing, often performed by hired personnel within private homes, traditionally a common form of employment for women.

Working-Class Family

A family whose income earners are employed in blue-collar jobs or occupations, which typically involve manual labor or skilled trades.

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