Professor Smyth Teaches About the Hierarchical Ranking of People in Society

question 46

Multiple Choice

Professor Smyth teaches about the hierarchical ranking of people in society based on coveted resources. This is called:

• A)caste
• B)class
• C)social stratification
• D)meritocracy
• E)bourgeoisie

---

Definitions:

Supply Sugar

Refers to the total amount of sugar that producers are willing and able to sell at a given set of prices, over a specific period of time.

Price Sugar

The cost or value assigned to sugar, influenced by factors such as market demand, production costs, and supply levels.

Hurricane Andrew

A powerful and destructive category 5 Atlantic hurricane that struck the Bahamas, Florida, and Louisiana in August 1992.

Excess Supply

A situation in which the quantity of a good or service supplied is greater than the quantity demanded at a given price, often leading to a surplus.