Which of the Following Examples of Inequality Is Best Explained

question 82

Multiple Choice

Which of the following examples of inequality is best explained on the macro level?

• A) Despite his Princeton degree in economics, Miguel is unable to find a job anywhere but McDonald's.
• B) Jasmina, an African American woman, goes to Yale and becomes a doctor like her father.
• C) Yu works hard in school and wins a scholarship to study in the U.S. despite his family's low social class in China.
• D) Olga has difficulty passing high school courses and, like her parents before her, decides not to attend college.

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Definitions:

Equity Bank

A financial institution that offers banking services with a focus on equity financing, or alternatively, a bank that has equity in other companies.

Payee's Bank

The bank where the recipient of a check or electronic payment has an account, responsible for processing and clearing the payment.

Holder

An individual or entity that legally possesses a negotiable instrument, such as a check, bill of exchange, or promissory note, and has the right to receive the amount specified therein from the payer.

For Deposit Only

An endorsement on a check specifying that the check must be deposited into an account and not cashed.