Wealth and Income Are Both Important Determinants of Social Class

question 19

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) Whereas race, education, and age influence income, wealth is independent of these variables.

---

Definitions:

Structured Problem

A clearly defined issue that can be addressed through a systematic process of analysis, formulation, and implementation of solutions.

Ill-structured Problems

These refer to challenges or issues that lack a clear path to resolution due to ambiguity, incomplete information, or complexity.

High Risk

Situations, activities, or decisions that carry a significant chance of negative or harmful outcomes.

Political Considerations

The influence of organizational politics, power dynamics, and personal agendas on decision-making processes, potentially affecting outcomes and the fairness of decisions.