Exam 2: Analyzing Economic Inequalities

When you owe more than the value of everything you own, this is known as negative wealth.

The most predictive variables of an American's social class are their talents, skills, and merit.

Increases in economic inequality are strongly correlated with increases in violent crime.

When an individual has the ability to move up or down the social class ladder this is known as ______.

It is common for Americans to wear clothes made in Southeast Asia due to outsourcing of manufacturing jobs. Multinational corporations can find cheap labor and import products at a low cost. Which concept describes this process?

What economic policies have been suggested to reduce economic inequality?

Explain the structural reasons why social class mobility has decreased in recent years. What do you think is the most consequential reason, and why?

Which statement is true about crime in the United States?

Social reproduction theory argues that high levels of economic inequality are good for society.

Being skilled and knowledgeable about leisure activities enjoyed by the upper class, such as golf or sailing, is one form of cultural capital that can help people get ahead in upper class society.

According to the Davis-Moore hypothesis, what is the cause of economic inequality?

In spite of the lofty goals, policies advocated by President Johnson in his "War on Poverty" was ultimately unable to decrease poverty rates in the United States.

Social reproduction theory argues that those who succeed are not the ones who worked the hardest, but rather they are the ones who were born with more opportunities to begin with.

Which Global North nation has the highest level of wealth inequality?

Hailie experienced intragenerational mobility when she graduated medical school, got a great paying job, and was able to attain a higher social class than her parents.

Describe some of the societal health problems caused by economic inequality.

What variables are used to determine an individual's social class?

The main cause of social class reproduction is the transmission of a poor work ethic from parents to children.

White full-time employees have the highest average income for any racial group.

Ava was born into a middle-class household. When she graduated from high school, she decided to work for her father's construction business instead of going to college. When her father retired, Ava took over the business and ultimately had a middle-class family of her own. What concept describes Ava's experience?