Hank Is Seen by Others as the Go-To If They

question 30

Multiple Choice

Hank is seen by others as the go-to if they have questions related to finding good deals on the Internet. He likes to shop online because, to him, it's more fun than going to a store. To which online shopping segment does Hank belong?

• A) Virtual Shoppers
• B) Status Strivers
• C) Mall Maniacs
• D) Fun Seekers
• E) Mall Rats

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Definitions:

Income Mobility

Movement of individuals and families either up or down income-distribution rankings when comparisons are made at two different points in time. When substantial income mobility is present, a person’s current position in the rankings will not be a very good indicator of what his or her position will be a few years in the future.

Income Inequality

The uneven distribution of income within a population, leading to disparities between the wealth of different groups.

Annual Data

Information or statistics recorded over a one-year period.

Positive Economics

An aspect of economics that focuses on objective analysis and descriptions of how the economy functions, without prescribing policies.