What Are the Three Primary Variables in Determining One's Social

question 32

Multiple Choice

What are the three primary variables in determining one's social class?

• A) race, sex, residence
• B) income, education, occupational prestige
• C) race, sex, income
• D) income, education, sex

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Definitions:

Quantity Supplied

The total number of units of a good or service that sellers are willing and able to sell at a given price.

Price Ceiling

A price cap established by the government to regulate the maximum charge for goods, services, or commodities.

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits.

OPEC

The Organization of Petroleum Exporting Countries, an intergovernmental organization of oil-producing countries that aims to manage the supply of oil to stabilize prices and ensure steady earnings.