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Social mobility refers to the degree to which _____.

a. Members from a collectivist society move to an individualist society.

b. Members from a lower social category move to a higher social category.

c. People from emerging economies move to developed economies.

d. People from developed economies move to emerging economies.

 

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Related questions

Which of the following statements is true about economies of scale? Select one:

a. Economies of scale refer to cost savings that come from learning by doing.

b. Attaining economies of scale increases a firm's profitability.

c. Economies of scale lead to an increase in the average unit cost of a product.

d. Economies of scale result due to the increase in the perceived value of a product.

e. The ability to spread variable costs over a large volume is a source of economies of scale

When_____ exist, the doubling of all inputs will result in more than doubling output, which means _________.

A- economies of scale; a smaller factory can produce at a lower average cost than a larger company.

B- economies of scale; a larger factory can produce at a lower average cost than a smaller company

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D- lower labor inputs; the larger scale of production leads to higher costs

1. According to World Bank, nations with a per capita income of $15,000 can be classified as

(a) low-income economies

(b) lower-middle-income economies

(c) upper-middle-income economies

(d) high-income economies

 

2. Which one of the following is NOT a characteristic of developing nations?

(a) Unequal income distribution

(b) More agrarian economies

(c) Lower ratio of exports to GDPs compared advanced nations.

(d) Higher infant mortality

 

3. A characteristic of a primary product is that the supply and demand are relatively price

(a) elastic

(b) unit elastic

(c) inelastic

(d) perfectly elastic

 

4. Developing nations’ terms of trade (TOT) are worsening over time because

(a) relative prices of primary exports to imports are unstable and falling.

(b) relative prices of primary exports to imports are stable and falling

(c) the prices of their manufactured import products are falling over time.

(d) the prices of their primary export product are rising over time.

 

5. Most developing countries acquire the necessary primary products by importing them from advanced nations.

True or false

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