Agents of socialization consist of_______________?
Correct answer: D. none of these
- A. instincts
- B. genes
- C. drives
- D. none of these
Explanation
Agents of socialization are people and institutions such as family, school, peers, religion and the media. Instincts, genes and drives influence behaviour but are not socialization agents.
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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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