The Class System in __________ Is Less Extreme Than in ___________

question 56

Multiple Choice

The class system in __________ is less extreme than in ___________ and mobility is greater.

• A) Germany; Canada
• B) The United States; Great Britain
• C) Japan; the United States
• D) Great Britain; the United States
• E) Great Britain; Canada

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Definitions:

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and direct provision of goods and services.

Marginal External Benefit

Increased benefit that accrues to other parties as a firm increases output by one unit.

Pollution Emissions

The release of pollutants into the environment, typically referring to harmful substances discharged from industries, vehicles, and other sources.

Marginal External Cost

The cost resulting from producing one additional unit of a good that is incurred by someone other than the producer.