In most developed countries, the class system:

A. is diamond-shaped with the largest group being the middle class.
B. is a pyramid with the largest group being the lower class.
C. is the same as in underdeveloped countries.
D. has been completely eliminated.


Answer: A

Economics

You might also like to view...

Most economists believe that convergence of GDP per capita ________ between developed nations and ________ between developing and developed nations

A) has not occurred; has occurred B) has occurred; has occurred C) has not occurred; has not occurred D) has occurred; has not occurred

Economics

Physical capital is:

A. the stock of equipment and structures that allow for the production of goods and services. B. the skills a human being acquires that enhances the available stock of equipment. C. the set of skills, knowledge, experience, and talent that determine the productivity of workers. D. All of these describe physical capital.

Economics

Entry of new firms in monopolistically competitive industries can convey a positive externality on consumers because new products result in more consumer surplus. This externality is called the

Economics

What is the real value of money?

A. its face value B. its compounded earnings in banks C. the quantity of goods it can buy D. the ability of shop at market prices

Economics