The norm of reciprocity entails______________?
Correct answer: C. doing something in return for what someone has done for you
- A. doing things in an institutionalized way
- B. working jointly in a common enterprise for a shared goal
- C. doing something in return for what someone has done for you
- D. all of the above
Explanation
Reciprocity means returning a benefit, favour, or action received from another person. It is the social principle behind doing something in return for what someone has done for you.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
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.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
Master status refers to________________?
The struggle of women and ethnic minorities to change certain discriminatory practices concerns ?
"Humanity "is__________________?
Tolerance of conflicting ideas has been_________________?
A group way of life lends itself to disorder because_________________?
Weber,s abstract model of bureaucracy entails______________?