Which is an ascribed status ?
Correct answer: A. Black female
- A. Black female
- B. President of the U.S
- C. Exotic dancer
- D. Thief
Explanation
An ascribed status is assigned at birth or involuntarily, such as being Black or female. President, exotic dancer, and thief are achieved or acquired statuses rather than statuses normally assigned at birth.
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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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