Among the superrich, some people are considered "old money" and others are considered "new wealth." What is the difference?
a. "Old money" refers to people who made their fortunes in traditional manufacturing industries, while "new wealth" refers to people who were information technology innovators.
b. "Old money" refers to people who are socially conservative and support conservative causes, while "new wealth" refers to people who are socially progressive and support liberal causes.
c. "Old money" refers to people who come from families that have been in the United States for several generations, while "new money" refers to people who are first- or second-generation immigrants.
d. "Old money" refers to people who own wealth passed down to them by earlier family generations, while "new wealth" refers to people who made their money as entrepreneurs.
Answer: d. "Old money" refers to people who own wealth passed down to them by earlier family generations, while "new wealth" refers to people who made their money as entrepreneurs.
You might also like to view...
The rules we use to understand the relationship we have with our girlfriends or boyfriends reflect ________ in our lives.
A. function B. structure C. power D. culture
A(n) __________ is a number of people who may never have met one another but share a similar characteristic
a. social group b. category c. aggregate d. secondary category
The probability of gaining certain advantages defined as desirable, such as long life and health is called _______________
A. opportunity B. advancement C. "the breaks" D. life chances
When using Z scores, the cross-product of a high score with a high score will always be __________
Fill in the blank(s) with correct word