People manipulate the social world which helps them to______________?
Correct answer: B. adapt to the environment
- A. change the nature of the physical environment
- B. adapt to the environment
- C. take over the environment
- D. regulate the environment
Explanation
Manipulating social arrangements, institutions and relationships helps people respond to conditions and fit their conduct to the environment. It is therefore described as adaptation, not taking over or merely regulating the environment.
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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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