The Fact That People with Comparable Occupations and Incomes Participate

question 37

Multiple Choice

The fact that people with comparable occupations and incomes participate more in the civic and political life of their communities when they have more education demonstrates the power of __________ in schools.

• A)allocation
• B)credentialling
• C)labelling
• D)socialization

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Definitions:

Elastic Supply

A situation where the quantity supplied of a good responds significantly to changes in its price.

Subsidy Benefit

Subsidy Benefit refers to the financial advantage received by individuals or businesses from government subsidies, intended to promote certain activities or lower costs.

Elastic Supply

The situation where the quantiry supplied of a good is sensitive to changes in its price.

Subsidy Benefit

Financial assistance granted by the government or a public body to support businesses, industries, or individuals, leading to lower costs or more favorable conditions.