Economic mobility refers to __________________. A company's ability to pay its bills from cash or from assets that can be turned into cash very quic Recessions (caused by Capitalism?) make things worse for the poor because they are so vulnerable to price fluctuations We are losing the middle class and the U.S. is becoming more separated into rich and/vs. poor. The ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income. A company's ability to pay its bills from cash or from assets that can be turned into cash very quickly

Mobility means ability of an individual to move freely from one place to another. When the term…

Answered: Economic mobility refers to…

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter16: Creating An Environment For Growth And Prosperity

Section: Chapter Questions

Problem 12CQ

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Economic mobility refers to __________________. A company's ability to pay its bills from cash or from assets that can be turned into cash very quic

Recessions (caused by Capitalism?) make things worse for the poor because they are so vulnerable to price fluctuations
We are losing the middle class and the U.S. is becoming more separated into rich and/vs. poor.
The ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income.
A company's ability to pay its bills from cash or from assets that can be turned into cash very quickly

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