People often accept social control based on________________?
Correct answer: A. positive sanctions
- A. positive sanctions
- B. negative sanctions
- C. harsh rules
- D. violence
Explanation
Positive sanctions, such as praise, rewards, or approval, encourage people to follow social expectations without force. Negative sanctions punish violations, so they are a different mechanism of social control.
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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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