If a janitor got a job as a security guard because it was closer to home he would be experiencing_______________?
Correct answer: A. horizontal mobility
- A. horizontal mobility
- B. vertical mobility
- C. intragenerational mobility
- D. inter structural mobility
Explanation
Moving from janitor to security guard without changing social rank is horizontal mobility, because the occupation changes while the person's general status remains similar. Vertical mobility would involve moving up or down the status hierarchy.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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