Soc 1 Final Exam UCLA with Correct Solutions Latest Update

Soc 1 Final Exam UCLA with Correct Solutions Latest Update Middle Class families - Answer -families in which one or more parents are a manager or have a job requiring a college degree Working Class families - Answer -families in which or more parents have jobs, but their jobs have little/no authority and don't require a college degree Poor families - Answer -families in which the parent (or parents) do not have continuous employment and depend on public assistance. the economy - Answer -the ways in which goods and services are produced and distributed within a social group or society economic inequality - Answer -unequal distribution of economic resources and circumstances The market - Answer -an institution in which individuals voluntarily exchange commodities for money economic inequality - Answer -unequal distribution of economic resources and circumstances Wealth - Answer -the total money value of assets already possessed at a particular point in time quintile: a fifth of a population that has been sorted in order of some variable (such as wealth or income)` Class positions - Answer -sets of individuals who have a common location in the unequal distribution