Moderate

An ideology is______________?

Correct answer: A. a set of ideas values and attitudes

  • A. a set of ideas values and attitudes
  • B. a testable theory
  • C. always based on religion
  • D. none of the above

Explanation

An ideology combines ideas, values, and attitudes into a framework for understanding society and politics. It need not be religious or a scientifically testable theory.

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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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