A kinship system is based on______________?
Correct answer: B. common descent
- A. marriage
- B. common descent
- C. adoption
- D. none of these
Explanation
Kinship systems primarily organize relationships through common descent, such as relationships traced through a family line. Marriage and adoption can create kin ties, but they are not the central basis identified here.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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