A perspective that focuses on power relations between spouses is called_______________?
Correct answer: C. resource theory
- A. micro conflict theory
- B. transactional analysis
- C. resource theory
- D. dependency theory
Explanation
Resource theory explains marital power through each spouse’s valued resources, such as income, education, or social connections. The spouse with greater resources generally has more bargaining power, unlike transactional analysis, which focuses on patterns of interaction.
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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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