Which of These Statements About Social Class Is False

question 35

Multiple Choice

Which of these statements about social class is false?

• A)Social class may be observed in the everyday habit of a person.
• B)The social class one is born into has enormous consequences for one's life.
• C)Social class is personal and individual,not social structural.
• D)Social class is major determinant of life chances.

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Definitions:

Cost Function

A mathematical relation that describes how production costs change with variations in the level of output.

Competitive Price

A pricing strategy that aims to attract customers by setting product prices similar or lower than rivals in the market.

Tragedy Of The Commons

A situation in which individuals, acting independently and rationally according to their own self-interest, behave contrary to the best interests of the whole by depleting or spoiling shared resources.

Nash Equilibrium

A situation in a non-cooperative game where no player can benefit by changing strategies while the other players keep theirs unchanged.