Exam 9: Class and Global Inequality

Jenny works as a receptionist at a local medical office. The money she earns at her job is enough to buy her family the essentials to survive. According to Karl Marx, to which group does Jenny belong?

A country redesigned its tax policy so that the amount of taxes an individual paid was based on his or her earnings, with those earning more paying more in taxes. For example, an individual who makes $20,000 a year pays 3 percent in taxes, while an individual who makes $100,000 a year pays 3 percent on the first $20,000 and an additional 10 percent on the remaining $80,000. This is called

Individualism is the idea that individuals who work the hardest will be rewarded for their labor.

Power and wealth inequalities between nations in the world is called

Financial assistance from the government to citizens in the form of tax credits or monetary payments is called

Karen and Tina are neighbors. Their husbands are both lawyers and they are both able to stay home to raise their children. They enjoy going to Broadway shows, and they take vacations with their families each year. Which of the following do Karen and Tina have in common?

Colonialism is the use of force by wealthy nations to dominate the economic, political, and economic resources of poorer nations.

Which of the following is the best example of conspicuous consumption?

Which class maintains investments in major companies and controls large amounts of money?

Data examining the change in real family income show that family incomes from 1979 to 2014 have

Which of the following best describes a characteristic of the middle class?

What term refers to a shift in one's social class that results from overall changes in the way employment is organized in society?

Which term refers to money that is used to build and expand companies for financial gain?

Nicole owns a home that she lives in, a condominium that she rents out, and savings bonds. These assets contribute to her

When, historically, did the sociological analysis of class and inequality begin?

Investment income is money spent on building and expanding factories, businesses, and other sources of revenue.

Incomes across all social classes in the United States have been decreasing in the last thirty years.

Approximately what percentage of total world wealth does the richest 1 percent of the population hold?

Income is more unevenly distributed than wealth.

Someone who lacks the resources that are considered required to maintain a basic standard of living in society is living in ________ poverty.