Moderate

The family-and particularly marriage-binds its members through_______________?

Correct answer: B. legal and economic bonds

  • A. interfaith competition
  • B. legal and economic bonds
  • C. educational functions
  • D. class conflict

Explanation

Marriage creates recognized legal duties and economic responsibilities between spouses and often within the wider family. The other options do not describe the main bonds created by marriage.

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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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