Question 1

Max Weber referred to negatively privileged status groups as:

Accepted Answer

A)  capitalists 
B)  contradictory class locations 
C)  deviants 
D)  pariah groups 
E)  working class 
A)  capitalists 
B)  contradictory class locations 
C)  deviants 
D)  pariah groups 
E)  working class D

Question 2

What is the difference between income and wealth? What is the relationship between them? How do they relate to one's class position?

Accepted Answer

Income and wealth are two related but distinct concepts. Income refers to the money that an individual or household receives on a regular basis, typically through wages, salaries, investments, or other sources. It is a flow of money that comes in over a specific period of time, such as a month or a year. Wealth, on the other hand, refers to the total value of assets that a person or household owns, including savings, investments, real estate, and other possessions, minus any debts or liabilities. It is a measure of the overall financial resources that a person or household has accumulated over time.

The relationship between income and wealth is that income is often a key factor in building wealth. Higher income can lead to greater opportunities for saving and investing, which can in turn increase one's overall wealth. However, it is important to note that having a high income does not necessarily guarantee wealth, as it also depends on how that income is managed and used to build assets.

In terms of class position, income and wealth are often used as indicators of one's socioeconomic status. In general, those with higher incomes and greater wealth are considered to be in a higher social class, while those with lower incomes and less wealth are considered to be in a lower social class. This is because income and wealth can provide access to better education, healthcare, housing, and other resources that can improve one's quality of life and opportunities for advancement.

However, it is also important to recognize that income and wealth do not tell the whole story of someone's class position. Factors such as education, occupation, and social connections also play a role in determining one's social class. Additionally, systemic barriers and discrimination can prevent individuals from achieving higher income and wealth, regardless of their efforts or abilities.

In conclusion, income and wealth are related but distinct concepts that are important for understanding one's financial resources and social class position. While income is the flow of money that comes in over time, wealth is the total value of assets owned minus any debts. Both income and wealth can impact one's class position, but they are not the only factors that determine social status.

Question 3

The money a person receives from a wage or salary or from investments is _______________; the assets an individual owns are _______________.

Accepted Answer

A)  wealth; property 
B)  wealth; income 
C)  property; property 
D)  income; wealth 
E)  capital; income 
A)  wealth; property 
B)  wealth; income 
C)  property; property 
D)  income; wealth 
E)  capital; income D

Question 4

Describe and discuss the trend known as "the feminization of poverty." What are the main causes? How has this affected the number and percentage of children living in poverty in the United States in the past 30 years?

Accepted Answer

The trend known as "the feminization of

Question 5

The value of a college education has increased significantly in recent years because:

Accepted Answer

A)  it is much more expensive to obtain 
B)  fewer people are going to college 
C)  the income gap between men and women has closed 
D)  of the increased demand for educated workers in the computer- and information-based economy 
E)  of increased global competition 
A)  it is much more expensive to obtain 
B)  fewer people are going to college 
C)  the income gap between men and women has closed 
D)  of the increased demand for educated workers in the computer- and information-based economy 
E)  of increased global competition

Question 6

What is the principal asset in the net worth of most American families?

Accepted Answer

A)  bonds 
B)  businesses 
C)  homes 
D)  savings and checking accounts 
E)  stocks 
A)  bonds 
B)  businesses 
C)  homes 
D)  savings and checking accounts 
E)  stocks

Question 7

Karl Marx predicted that capitalism would result in low levels of income and wealth inequality over time.

Accepted Answer

A) True 
 B)False

Question 8

In 2007,_______________ of total wealth in the United States was held by the bottom 60% of Americans hold?

Accepted Answer

A) 0.5% 
B)  2% 
C)  12% 
D)  20% 
E)  50% 
A) 0.5% 
B)  2% 
C)  12% 
D)  20% 
E)  50%

Question 9

Real income for most of the working population in the United States increased over the twentieth century.The most important reason for this is:

Accepted Answer

A)  women's entrance into the paid labor force 
B)  the reduction in competition from foreign companies 
C)  the increase in productivity due to technological change 
D)  the end of child labor 
E)  the decrease in the size of the working age population 
A)  women's entrance into the paid labor force 
B)  the reduction in competition from foreign companies 
C)  the increase in productivity due to technological change 
D)  the end of child labor 
E)  the decrease in the size of the working age population

Question 10

Sociologist William Domhoff estimates that between 1990 and 2004,CEO pay increased by _______________?

Accepted Answer

A)  5% 
B)  30% 
C)  50% 
D)  100% 
E)  300% 
A)  5% 
B)  30% 
C)  50% 
D)  100% 
E)  300%

Question 11

What effect has the Great Recession had on levels of income and wealth inequality in the United States? What groups were most adversely impacted and why? Apply one of the stratification theories discussed in the chapter to explain this trend.

Accepted Answer

The Great Recession had a significant im

Question 12

Globalization of the economy has contributed to a significant decrease in wealth and income inequality in the United States.

Accepted Answer

A) True 
 B)False

Question 13

In which type of society is the term class most often used to analyze stratification?

Accepted Answer

A)  hunting and gathering 
B)  industrialized 
C)  feudal 
D)  caste 
E)  all of the above 
A)  hunting and gathering 
B)  industrialized 
C)  feudal 
D)  caste 
E)  all of the above

Question 14

In the twentieth century,which country had a caste system based on race?

Accepted Answer

A)  India 
B)  the United States 
C)  South Africa 
D)  a and b only 
E)  b and c only 
A)  India 
B)  the United States 
C)  South Africa 
D)  a and b only 
E)  b and c only

Question 15

The current gap between the rich and the poor in the United States is the greatest since the Census Bureau started measuring income in 1947.

Accepted Answer

A) True 
 B)False

Question 16

The majority of Americans claim to be part of the:

Accepted Answer

A)  working class 
B)  upper middle class 
C)  underclass 
D)  middle class 
E)  lower middle class 
A)  working class 
B)  upper middle class 
C)  underclass 
D)  middle class 
E)  lower middle class

Question 17

In 2006,black female-headed families earned _______________ as much as white married-couple families.

Accepted Answer

A) 35.5% 
B) 54.4% 
C) 76.7% 
D) 85.6% 
E) 95.2% 
A) 35.5% 
B) 54.4% 
C) 76.7% 
D) 85.6% 
E) 95.2%

Question 18

Which of the following conceptualizes the idea that your probability of economic success is largely dependent on your background?

Accepted Answer

A)  life chances 
B)  life course 
C)  caste 
D)  reincarnation 
E)  relations of production 
A)  life chances 
B)  life course 
C)  caste 
D)  reincarnation 
E)  relations of production

Question 19

In which class does the family income just cover basic living expenses and perhaps a summer vacation?

Accepted Answer

A)  lower middle class 
B)  middle class 
C)  underclass 
D)  upper middle class 
E)  working class 
A)  lower middle class 
B)  middle class 
C)  underclass 
D)  upper middle class 
E)  working class

Question 20

Describe changes in the distribution of income and wealth in the United States over the past 30 years.Is there a recognizable trend? Summarize any notable trends.Outline at least three of the major economic and public policy changes that have driven any trends.

Accepted Answer

Over the past 30 years, there has been a

Max Weber referred to negatively privileged status groups as:

What is the difference between income and wealth? What is the relationship between them? How do they relate to one's class position?

The money a person receives from a wage or salary or from investments is _; the assets an individual owns are _.

Describe and discuss the trend known as "the feminization of poverty." What are the main causes? How has this affected the number and percentage of children living in poverty in the United States in the past 30 years?

The value of a college education has increased significantly in recent years because:

What is the principal asset in the net worth of most American families?

Karl Marx predicted that capitalism would result in low levels of income and wealth inequality over time.

In 2007,_______________ of total wealth in the United States was held by the bottom 60% of Americans hold?

Real income for most of the working population in the United States increased over the twentieth century.The most important reason for this is:

Sociologist William Domhoff estimates that between 1990 and 2004,CEO pay increased by _______________?

What effect has the Great Recession had on levels of income and wealth inequality in the United States? What groups were most adversely impacted and why? Apply one of the stratification theories discussed in the chapter to explain this trend.

Globalization of the economy has contributed to a significant decrease in wealth and income inequality in the United States.

In which type of society is the term class most often used to analyze stratification?

In the twentieth century,which country had a caste system based on race?

The current gap between the rich and the poor in the United States is the greatest since the Census Bureau started measuring income in 1947.

The majority of Americans claim to be part of the:

In 2006,black female-headed families earned _______________ as much as white married-couple families.

Which of the following conceptualizes the idea that your probability of economic success is largely dependent on your background?

In which class does the family income just cover basic living expenses and perhaps a summer vacation?

Describe changes in the distribution of income and wealth in the United States over the past 30 years.Is there a recognizable trend? Summarize any notable trends.Outline at least three of the major economic and public policy changes that have driven any trends.

What Is Sociology?

Asking And Answering Sociological Questions

Culture And Society

Socialization And The Life Cycle

Social Interaction And Everyday Life In The Age Of The Internet

Groups, networks, and Organizations

Conformity, deviance, and Crime

Global Inequality

Gender Inequality

Ethnicity And Race

Aging

Government, political Power, and Social Movements

Work And Economic Life

Families and Intimate Relations

Education

Religion In Modern Society

The Sociology Of The Body: Health,illness,and Sexuality

Urbanization, population, and The Environment

Globalization In A Changing World

Filters

Exam 8: Stratification, class, and Inequality

Max Weber referred to negatively privileged status groups as:

What is the difference between income and wealth? What is the relationship between them? How do they relate to one's class position?

The money a person receives from a wage or salary or from investments is _______________; the assets an individual owns are _______________.

Describe and discuss the trend known as "the feminization of poverty." What are the main causes? How has this affected the number and percentage of children living in poverty in the United States in the past 30 years?

The value of a college education has increased significantly in recent years because:

What is the principal asset in the net worth of most American families?

Karl Marx predicted that capitalism would result in low levels of income and wealth inequality over time.

In 2007,_______________ of total wealth in the United States was held by the bottom 60% of Americans hold?

Real income for most of the working population in the United States increased over the twentieth century.The most important reason for this is:

Sociologist William Domhoff estimates that between 1990 and 2004,CEO pay increased by _______________?

What effect has the Great Recession had on levels of income and wealth inequality in the United States? What groups were most adversely impacted and why? Apply one of the stratification theories discussed in the chapter to explain this trend.

Globalization of the economy has contributed to a significant decrease in wealth and income inequality in the United States.

In which type of society is the term class most often used to analyze stratification?

In the twentieth century,which country had a caste system based on race?

The current gap between the rich and the poor in the United States is the greatest since the Census Bureau started measuring income in 1947.

The majority of Americans claim to be part of the:

In 2006,black female-headed families earned _______________ as much as white married-couple families.

Which of the following conceptualizes the idea that your probability of economic success is largely dependent on your background?

In which class does the family income just cover basic living expenses and perhaps a summer vacation?

Describe changes in the distribution of income and wealth in the United States over the past 30 years.Is there a recognizable trend? Summarize any notable trends.Outline at least three of the major economic and public policy changes that have driven any trends.

What Is Sociology?

Asking And Answering Sociological Questions

Culture And Society

Socialization And The Life Cycle

Social Interaction And Everyday Life In The Age Of The Internet

Groups, networks, and Organizations

Conformity, deviance, and Crime

Global Inequality

Gender Inequality

Ethnicity And Race

Aging

Government, political Power, and Social Movements

Work And Economic Life

Families and Intimate Relations

Education

Religion In Modern Society

The Sociology Of The Body: Health,illness,and Sexuality

Urbanization, population, and The Environment

Globalization In A Changing World

Filters

The money a person receives from a wage or salary or from investments is _; the assets an individual owns are _.