In an open or class society_________________?
Correct answer: C. status is both achieved and ascribed
- A. status is always achieved
- B. status is always ascribed
- C. status is both achieved and ascribed
- D. status has no importance
Explanation
In an open or class system, people may gain status through achievement, such as education or occupation, while also receiving ascribed status through birth, family or other attributes. This combination distinguishes it from a purely closed system.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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