"Social Class" in the U

question 120

Multiple Choice

"Social class" in the U.S. is usually measured in terms of:

• A) race, religion, and occupation.
• B) occupation, education, and type and location of housing.
• C) income.
• D) income, occupation, and education.
• E) income, occupation, and religion.

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Definitions:

John Maynard Keynes

An economist from Britain whose work reshaped both macroeconomic theory and the economic policymaking of governments.

Motives

The underlying reasons or goals that drive individuals or entities to act in a certain way, influencing economic decisions and behaviors.

Transactions Demand

Transactions demand refers to the amount of money or liquidity that is needed by an economy to facilitate day-to-day transactions.

State Charters

State charters refer to authorization or licenses granted by state governments allowing entities, such as corporations or banks, to operate within a specific state.