Individuals Born into a _______________ at the Bottom of the Hierarchy

question 37

Multiple Choice

Individuals born into a _______________ at the bottom of the hierarchy can work their way up,while individuals at the top can work their way down.

• A) class system
• B) caste system
• C) mobile system
• D) indirect system
• E) open system

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Definitions:

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often leading to underproduction of the good or service in absence of intervention.

Education

The systematic process of facilitating learning, acquiring knowledge, skills, values, and attitudes.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, typically not reflected in the market price, like vaccination.