exam 4

Question 1

what fraction of people with just a high school degree are in poverty

Answer 1

1/3

Question 2

what fraction of children in arkansas are in poverty

Answer 2

1/4

Question 3

leads to greater levels of inequality

from Paul Krugman video

Answer 3

inheritance

Question 4

how much more money do CEO’s make than the average worker

Answer 4

380 times more

Question 5

___% of all corporate assets are held by ___ companies

Answer 5

70 held by 100

Question 6

Beeghley’s monopoly example

Answer 6

all americans do not have the chance of achieving the American dream because unlike monopoly we do not start off at the same level

Question 7

“go for the throat and attack the basic premises of stratification”

Answer 7

conflict theory

Question 8

if we got rid of social security tomorrow, the amount of old people in poverty would go from __% to __%

Answer 8

12 to 50

Question 9

top __% of population owns __% of wealth

Answer 9

10 owns 92

Question 10

bottom __% of population owns __% of wealth

Answer 10

40 owns 0.2

Question 11

asset poverty

Answer 11

bottom 20% of people in country, working poor and under class have a negative net worth meaning they owe more than they own (are in debt)

Question 12

relative poverty

Answer 12

worried about food costs and having enough income, poverty line, people are poor relative to others

Question 13

absolute poverty

Answer 13

no access to basic resources (food, shelter, etc.)

Question 14

children’s block example

Answer 14

if we have blocks representing $500 a piece, most americans would be a couple meters tall, top 1% would be as tall as Mt. Everest

Question 15

3 things that define Socioeconomic Status

Answer 15

income, education, occupation

Question 16

best indicator of social class

Answer 16

occupation

Question 17

life chances

Answer 17

extent to which individuals have access to important societal resources such as food clothing and shelter

Question 18

decrease in wages since 1979

Answer 18

26%

Question 19

weber’s 3 dimensions of stratification

Answer 19

wealth, power, and prestige

Question 20

does slavery still exist? examples?

Answer 20

yes. debt bondage, sex trafficking

Question 21

interlocking directorates

Answer 21

when one person sits on more than one board, can be bad because it consolidates power

Question 22

another name for upper middle class

Answer 22

corporate class

Question 23

intergenerational mobility

Answer 23

mobility across generations (daughter goes to college, gets great job, makes more money than her father ever did)

Question 24

intragenerational mobility

Answer 24

mobility within a lifetime (born in to poverty, saves money, goes to college, gets a high paying job, ends up very successful)

Question 25

what class do most people think they are a part of

Answer 25

middle class, 75% of people claim it

Question 26

factors that influence who will experience poverty

Answer 26

race, gender, age, geographic location

Question 27

status consistency

Answer 27

high end job, large income, respected in community, lots of authority

Question 28

status inconsistency

Answer 28

makes a lot of money, but not with a prestigious job OR has a very prestigious job but makes hardly any money

Question 29

how is wealth measured?

Answer 29

what you own minus what you owe

Question 30

apartheid

Answer 30

system of segregation in South Africa that ended in the 90’s, caste system (either born white or born black), kind of like Jim Crow laws but even worse

Question 31

does inheritance still matter

Answer 31

yes it is a huge factor for upper upper class

Question 32

pink collar jobs

Answer 32

low skill, low pay, mostly held by women, secretary and caretaker type jobs, considered working poor class (by Holyfield)

Question 33

bourgeoisie

Answer 33

capitalist class, own assets and means of production

Question 34

proletariat

Answer 34

working class, sell labor for wages

Question 35

deindustrialization

Answer 35

tearing down of factories, moving them over seas for cheaper labor, caused a decline in middle class and an increase of low paying jobs and pink collar jobs

Question 36

lower upper class

Answer 36

new money, CEOs, celebrities, 0.5%

Question 37

factors to rank occupations? have these changed over time?

Answer 37

amount paid, service to humanity, education, number of people supervised; no

Question 38

is wealth or income a better indicator of social class

Answer 38

wealth

Question 39

what class does the alice and roberto example illustrate

Answer 39

working poor

Question 40

fraction and number of Americans at risk of poverty

Answer 40

1/4, about 82 million

Question 41

mobility in our generation vs mobility in our parents

Answer 41

we have lower standard of living than parents, we are less likely to have mobility

Question 42

achieved status

Answer 42

something you work for and accomplish over the course of your life

Question 43

ascribed status

Answer 43

something you are born in to

Question 44

from 1% film, how do rich people get poor people to move out of a neighborhood they hope to gentrify?

Answer 44

build police stations, tear down public schools, and tear down basketball courts

Question 45

% of upper middle class

Answer 45

14%

Question 46

% of middle class

Answer 46

30%

Question 47

% of working class

Answer 47

30%

Question 48

% of working poor class

Answer 48

20%

Question 49

% of under class

Answer 49

5%

Question 50

% of upper upper class

Answer 50

1%

Question 51

functionalist theory

Answer 51

some degree of social inequality is necessary for the smooth functioning of society and thus is inevitable

Question 52

conflict theory

Answer 52

powerful individuals and groups use ideology to maintain their favored positions in society at the expense of others

Question 53

symbolic interactionist theory

Answer 53

the beliefs and actions of people reflect their class location in society

Question 54

social stratification

Answer 54

hierarchical arrangement of large social groups based on their control over basic resources