Question

a condition in which people do not have the means to secure the most basic necessities of life is called ______ poverty

a. subjective
b. absolute
c. standard
d. relative

sociologist max weber placed categories of people who have a similar level of wealth and income in the same class. he referred to the privileged commercial class of wealthy bankers, ship owners, professionals, and merchants who possess similar financial resources as ______

a. rentiers
b. entrepreneurs
c. the bourgeoisie
d. the proletariat

Explanation:

• First question: Absolute poverty is defined as a condition where people lack the means to secure the most basic necessities of life. Subjective poverty is more about perception, standard is not a standard poverty type in this context, and relative poverty is about comparison to others in a society.
• Second question: Max Weber referred to the privileged commercial class of wealthy bankers, ship owners, professionals, and merchants as rentiers. Entrepreneurs are more about business creation, the bourgeoisie is a broader class in Marxist terms (though Weber also used it but in a different nuance here the description fits rentiers more as per Weber's specific categorization), and the proletariat are the working - class.

Answer:

1. B. absolute
2. A. rentiers