Negative life chances correspond to__________________?
Correct answer: B. a low position in the stratification system
- A. a high position in the stratification system
- B. a low position in the stratification system
- C. lack of talent
- D. lack of desire for an education
Explanation
Life chances refer to the opportunities people have for education, income, health, and security, and these generally worsen lower in the stratification system. Thus negative life chances correspond to a low position.
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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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