Identify a Way in Which Wealth Differs from Income

question 46

Multiple Choice

Identify a way in which wealth differs from income.

• A) Wealth includes rents, royalties, and business proceeds, whereas income includes property, stocks and bonds, and personal possessions.
• B) Wealth is a result of formal education, whereas income is a result of ascribed status.
• C) Wealth is influenced by fluctuations of the economy, whereas income remains stable.
• D) Wealth increases over time, whereas income is spent on everyday expenses.
• E) Wealth is a result of status consistency, whereas income is based on status inconsistency.

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Definitions:

Satisfaction

A feeling of fulfillment or contentment resulting from achieving one's goals or desires.

Enjoy Doing

The feeling of pleasure or satisfaction experienced when engaging in an activity one likes or finds rewarding.

Make Living

involves earning enough income through work or business to cover personal and family expenses.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.