In Addition to the Opportunity to Create Their Own Destiny

question 100

Multiple Choice

In addition to the opportunity to create their own destiny and enjoy what they do, entrepreneurs also benefit from the ability to ________.

• A)earn tremendous wealth without risk and uncertainty
• B)make a difference in an area important to them and be recognized for those efforts
• C)create wealth without providing true value
• D)exploit the opportunities that the free enterprise system offers

Describe how time affects income inequality and understand social insurance programs in the United States.

Understand the difference between income and wealth and how wealth contributes to income inequality.

Distinguish between social insurance and public assistance programs and their role in income maintenance.

Identify measurement issues in accurately measuring poverty and define labor market discrimination.

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Definitions:

Relative Frequencies

The proportion of occurrences of a specific value relative to the aggregate count of observations, frequently shown as a percentage.

Sample Size

The number of observations or data points collected in a study or used in a statistical analysis.

Vertical Axis

The perpendicular line in a graph or chart representing the range of one of the variables under consideration.

Horizontal Axis

The x-axis in a graph, typically used to represent the independent variable or scale of measurement.