Wealth and Income Are Both Important Determinants of Social Class

question 1

Multiple Choice

Wealth and income are both important determinants of social class.Which of the following best characterizes the relationship between wealth and income in the United States?

• A)Income disparities between rich and poor have increased in the past three decades, whereas wealth disparities have decreased during the same time.
• B)Wealthy people almost always inherited their money, thus there is no relationship between wealth and income.
• C)The same factors that limit people's incomes also limit their ability to accumulate wealth.
• D)While income is influenced by race, education, and age, wealth is independent of these variables.
• E)Neither wealth nor income is influenced by race, education, and age.

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Definitions:

Renaissance Ideas

Concepts and philosophical foundations of the Renaissance, a period of rebirth in arts, culture, and intellectual pursuits, emphasizing humanism, individualism, and rediscovery of classical antiquity.

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