Lesson 8- Socioeconomic Status

Question 1

Socioeconomic Staus

Answer 1

A position with a stratified group or society that is often determined by a person’s wealth, income, power, prestige, education, and any other characteristics that have value.

Question 2

Social Stratification

Answer 2

The arrangement of categories of individuals based on the distribution of valued resources.

Question 3

Income

Answer 3

Measured as a flow of earnings over a certain time period, usually a year.

Question 4

Wealth

Answer 4

Results from the flow of income are measured as total assets at a particular time.

Question 5

Inequality

Answer 5

The unequal distribution of valued resources.

Question 6

Inequity

Answer 6

Do not have equal access to these institutions and/or the opportunity to obtain valued resources.

Question 7

Achieved Status

Answer 7

A social position is taken on voluntarily and is thought to reflect ability and effort.

Question 8

Ascribed Status

Answer 8

A social position into which a person is born or one that is placed on them involuntarily later in life.

Question 9

Classism

Answer 9

Asserting that members of the lower class do not obtain upward social mobility because they lack the ability to make an effort, and others are unwilling to provide support to those seeking to get and stay out of poverty.