Which of the Following Statements Distinguishes the American Middle Class

question 48

Multiple Choice

Which of the following statements distinguishes the American middle class from the working class?

• A)The middle class serves as its own reference group.
• B)The middle class emulates the upper Americans.
• C)The middle class receives public housing,food stamps,and Medicaid.
• D)The middle class has lower income levels than the working class.

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Definitions:

High Interest Rates

A condition in the financial market where the cost of borrowing money is elevated, usually due to high inflation, increased demand for credit, or tight monetary policy.

Capital Item

Long-term assets or investments used in the production of goods and services, such as buildings, machinery, and equipment.

Machinery

Machines collectively or a system of devices that operate together to perform a particular task.

Urban Land

Urban land is designated areas in cities and towns used for residential, commercial, industrial, or recreational purposes.