Joshua Was Born into a Wealthy Family and Never Had

question 47

Multiple Choice

Joshua was born into a wealthy family and never had to work in his life.He eventually became bored with his life and went looking for a job to keep him busy.His parents were very angry with him and would not speak to him.Joshua could be categorized as belonging to the:

• A) inviduous class.
• B) conspicuous class.
• C) middle class.
• D) leisure class.

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Definitions:

External Cost

Costs of a transaction that affect people other than the buyer or seller, typically not reflected in the market price.

Air Pollution

The presence of harmful substances in the air, often resulting from human activities, leading to environmental and health issues.

Tennessee

A U.S. state located in the southeastern region, known for its music heritage, particularly in cities like Memphis and Nashville.

Government Intervention

The actions taken by a government to influence or regulate various activities within its economy.