Pivotal institutions_________________?
Correct answer: D. all of the above
- A. arise from fundamental human needs
- B. include government the economy education the family and religion
- C. differ in traits and culture complexes from society to society
- D. all of the above
Explanation
Pivotal institutions develop to meet basic human needs and include major institutions such as government, the economy, education, family, and religion. Their specific features vary across societies, so all three statements are correct.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
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
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
Human life is acted out within a triangle of_______________?
Society and culture______________?
Symbols differ from signals in that______________?
Ethnocentrism refers to_______________?
"Head hunting is wrong "This statement is made from the point of view of______________?
The evaluation that a certain phenomenon is good beautiful moral right and therefore desirable is termed a_______________?