The nation that social institutions reinforce and legitimize class division is derived from___________?
Correct answer: A. Karl Marx
- A. Karl Marx
- B. Emile Durkheim
- C. Adam Smith
- D. Max Weber
Explanation
Marx viewed social institutions and dominant ideas as helping preserve existing class relations, thereby reinforcing the power of the ruling class. This is the Marxist interpretation of social stratification.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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