The family into which you were born is called_________________?
Correct answer: D. the family of orientation
- A. my family
- B. the family of procreation
- C. the family of origin
- D. the family of orientation
Explanation
The family into which a person is born is the family of orientation. The family of procreation is the family a person forms later through marriage or parenthood, making d the appropriate term.
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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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