According to Daniel All of the Following Are True of Australians

question 47

Multiple Choice

According to Daniel all of the following are true of Australians except:

• A) The most prestigious occupation is that of scientist.
• B) Occupational prestige remains the most powerful single indicator of the power and privilege any individual or group may command.
• C) The status of occupations reflects the class structure.
• D) The governing elite in society comes from the upper class.

---

Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in a market.

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services that are supplied matches the amount that is demanded.

Equilibrium Price

The market price at which the quantity demanded of a good equals the quantity supplied, leading to a state of balance in the market.

Government Subsidy

Financial assistance provided by the government to businesses, individuals, or other governmental units in support of an activity deemed beneficial to the public.