The newest challenge to the family,s formerly exclusive claim to the socialization of its children has come from ?
Correct answer: C. the day-care center
- A. the peer groups
- B. the mass media
- C. the day-care center
- D. child psychotherapy
Explanation
Day-care centres increasingly perform regular childcare and socialization functions that were once carried out almost exclusively by the family. Peer groups and mass media also influence children, but the question points to the newer institutional challenge.
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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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