Which of the Following Statements About Social Class Is Most

question 60

Multiple Choice

Which of the following statements about social class is most likely true?

• A) People in the lower classes purchase items less impulsively than upper class shoppers.
• B) Social scientists agree that there are an unlimited number of social classes.
• C) "New money" people possess inherited wealth, often acquired several generations before.
• D) It is virtually impossible to move from one social class to another.
• E) Social class is determined by a combination of factors such as income, education, occupation, and accumulated wealth.

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Definitions:

Internal Economies of Scale

cost advantages that a firm obtains due to expansion, leading to a decrease in the average cost per unit.

Plant

A facility where goods are produced or processed, also referring to the physical capital in production.

Firm

An organization that sells goods or services in order to make a profit.

Industry

The organized economic activity connected with the production, manufacture, or construction of goods and services.