Explain the difference between wealth and income, including what they are, how they are primarily used, and how wealth and income inequalities have changed over time.
What will be an ideal response?
Income: the amount of money a person or household earns in a given period of time; Derived from job salary, investments, social security, and disability; Goes toward food, clothing, shelter, health care, and other costs of daily living. Income has stagnated and even decreased compared with earlier decades, and inequality has risen. Wealth: the value of everything a person owns, minus the value of everything she or he owes. Includes home equity and illiquid assets logistically difficult to transform into cash. Net financial assets: measure of wealth that excludes illiquid personal assets such as home and car. Stocks, bonds, cash, and other forms of investment assets. Built up over a lifetime and passed down over generations. Used to create new opportunities rather than just routine expenditures. Buys a high-quality education, business ventures, access to travel and leisure, financial security, and creation of new wealth. Has become increasingly concentrated into the hands of fewer and fewer people; inequality has increased.
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___________ A type of society neither purely agrarian nor purely industrial whose population members are largely peasants
What will be an ideal response?
Anthropologist Paul Bohannan (1970) uses the term stations of divorce to mean
(a) places where couples can get their marriage dissolved. (b) the different types of divorces couples experience in dissolving their marital relationship. (c) the actual point at which the separation takes place. (d) the number of interventions that are made before the final dissolution of the marriage.
Which theory of social change holds that society is moving in a definite direction?
A. biosocial change theory B. multilinear evolutionary theory C. evolutionary theory D. dichotomous change theory
Developing an effective research design is important because it directly influences both the amount of time needed to collect the data and the
A. cost of the project. B. purpose of the project. C. ethics of the study. D. general interest in the study.