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Socioeconomic Status (SES) is a composite ranking based on various dimensions of social inequality.

• True

• False

Answer explanation

Socioeconomic Status (SES) is a composite ranking based on social inequality dimensions. True is the correct choice.

Which of these best describes socioeconomic status?

• Income

• 1. Ranking groups of people based on their money

• Jobs

• None of these answers

Answer explanation

Socioeconomic status refers to ranking groups of people based on their money.

Income is:

• money from work and investments PLUS the value of your assets

• Money just from work

• Only the money earned from your lucrative Soundcloud career

• money received from work and investments

Answer explanation

Income refers to money received from work and investments.

Wealth is:

• money from work and investments PLUS the value of your assets

• child support and alimony

• only money passed down in families

•  money received from work and investments

Answer explanation

Wealth is money from work and investments PLUS the value of your assets.

Why is wealth more closely tied to family than income?

• People treat you better if you’re from a rich family

• Income is from your job

• Wealth can be passed down through families

• 1. All of these

Answer explanation

Wealth is closely tied to family because it can be passed down through generations.

White-collar occupations are usually associated with:

(Check all that apply)

• mental labor

• higher prestige

• higher pay

• more formal education

Answer explanation

White-collar occupations are associated with mental labor, higher prestige, higher pay, and more formal education.

For EVERY job, there are things that you must know and things you must do.

• True

• False

Answer explanation

For every job, there are essential knowledge and tasks to be performed. The correct choice is True.

White-collar occupations focus on which factor more?

• physical/manual labor

• mental labor

• both manual and mental labor

• neither manual nor mental labor

Answer explanation

White-collar occupations focus more on mental labor, which involves cognitive tasks and decision-making.

Higher levels of pay are usually associated with higher levels of formal education.

• True

• False

Answer explanation

Higher pay is usually associated with higher education levels.

Blue-collar occupations are usually associated with:

(Check all that apply)

• physical labor

• manual labor

• lower prestige

• less formal education

• lower pay

Answer explanation

Blue-collar occupations are associated with physical labor, manual labor, lower prestige, less formal education, and lower pay.