The Term Used for the Social Class Measure Based on Income

question 105

Multiple Choice

The term used for the social class measure based on income and education is

• A) race.
• B) socioeconomic status.
• C) culture.
• D) sociocultural context.

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Definitions:

Clayton Antitrust Act

A piece of legislation passed in the United States in 1914 aimed at preventing anti-competitive practices in their incipiency, specifically addressing issues of price discrimination, exclusive dealing agreements, and mergers and acquisitions that could potentially lead to monopolies.

Wheeler-Lea Act

An amendment to the Federal Trade Commission Act in the United States, focusing on protecting consumers from deceptive and unfair business practices.

Sherman Antitrust Act

A foundational United States antitrust law passed in 1890 that prohibits monopolistic business practices, aiming to promote fair competition for the benefit of consumers.

Robinson-Patman Act

The Robinson-Patman Act is a United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination.