It is most accurate to say that_____________?
Correct answer: B. the global social system differs considerably from a societal social system
- A. the global social system closely resembles a social system closely resembles a social system
- B. the global social system differs considerably from a societal social system
- C. a global social system does not exist
- D. there exists consensus on values on a global level
Explanation
A global social system is not identical to an individual society because it contains many societies with different institutions, cultures and values. There is no complete global consensus on values, making b the best option.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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