Moderate

Contemporary technologically advanced societies tend to be_______________?

Correct answer: C. heterogeneous

  • A. hexahedron
  • B. hermetic
  • C. heterogeneous
  • D. homogeneous

Explanation

Technologically advanced societies usually contain many ethnicities, occupations, lifestyles, and viewpoints, so they are heterogeneous. Homogeneous societies have relatively little internal diversity.

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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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