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Which of the following is true of arbitrage?
Socioeconomic Status
An indicator of a person's or household's place within societal and economic rankings, determined by factors such as income, level of education, and job type.
Life Chances
In sociology, "life chances" refers to the opportunities each individual has to improve their quality of life, based on various socioeconomic factors.
Welfare Reform Act
Legislation aimed at changing the operation of the welfare system, typically to reduce dependency on government assistance by encouraging employment and self-sufficiency.
Assistance
The provision of help or support, typically given by individuals or organizations to those in need.
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