Moderate

Daniel Bell has called the newly emerging from of society ?

Correct answer: D. postindustrial

  • A. technological
  • B. informational
  • C. post-subsistence
  • D. postindustrial

Explanation

Daniel Bell used the term postindustrial society for a society in which services, information, and knowledge replace manufacturing as the dominant economic activities. Therefore, technological and informational describe features of it, but postindustrial is the established label.

Last updated

About Microeconomics

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.

Practise Microeconomics

1,705 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.

Exams that ask Economics questions like this

Economics is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.

Related questions