To Show the Progress Humanity Has Made, Sandra Notes That

question 37

Multiple Choice

To show the progress humanity has made, Sandra notes that the average income in the world has gone up over the past few decades. What evidence might a sociologist give to contradict her?

• A) The average income has actually declined.
• B) Despite a recent rise in average global income, the average income has fluctuated consistently over the years.
• C) Despite an earlier rise in average global income, the average income has stagnated for the past three decades.
• D) Despite a rise in average global income, there is still huge inequality between people in high-income nations and the rest of the world.

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Definitions:

Corporate Borrowing

The act of companies raising funds through the issuance of debt instruments, such as bonds or loans, to finance their operations or investments.

Financial Managers

Professionals responsible for the financial health of an organization, including developing strategies and plans for the long-term financial goals of their organization.

Market Value

The selling price of an asset in a competitive auction framework.

Owners' Equity

The ownership stake of shareholders in a company, reflected by the value of its assets minus its liabilities.