Present theories of stratification__________________?
Correct answer: D. offer two different ways of looking at inequality
- A. offer ways to end inequality
- B. answer the of what causes inequality
- C. agree that inequality is an evil
- D. offer two different ways of looking at inequality
Explanation
Functionalist and conflict theories provide contrasting explanations of inequality, so they offer different ways of viewing stratification rather than agreeing that it is simply evil or proposing one common solution.
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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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