What Do Most Americans Claim About Their Class Status

question 118

Multiple Choice

What do most Americans claim about their class status?

• A) They are upper class.
• B) They are lower class.
• C) They are middle class.
• D) They do not feel they have a class status, or they are unaware of it.

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Definitions:

Privately Owned

Owned by private individuals or corporations rather than by the government or public entities, often characterized by private decision-making and profit motivation.

Transaction Costs

Expenses incurred during the process of buying or selling a product or service, typically including taxes, communication charges, and other financial fees.

Transaction Costs

Expenses incurred when buying or selling goods and services, which may include search and information costs, bargaining costs, and enforcement costs.

Voluntary Exchange

A transaction where parties involved trade goods or services by mutual agreement, without coercion.