The Statement "Formal and Informal Education Serve Certain Crucial Purposes

question 47

Multiple Choice

The statement "Formal and informal education serve certain crucial purposes in society, especially as societies modernize" most closely reflects:

• A) Symbolic interaction theory
• B) Conflict theory
• C) Functionalist theory
• D) Rational choice theory

---

Definitions:

Received

To have been given, accepted, or acknowledged something that is sent or provided.

Economic Rent

The excess payment made to a factor of production over and above what is needed to keep it in its current use.

Land

In economics, it refers to all natural resources used to produce goods and services, one of the factors of production.

Profits

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.