Match the term to its definition by filling in the letter before the term in the appropriate blank.
A Feedback loop B. Social mobility C. Social capital D. Social class E. Diffuse characteristics F. Status hierarchies G. Social excharnge theory H. Doing gender I. Indirect excharges J. Strong ties K. Personal ties L. Weak ties M. Social stratification N. Direct excharges O. Status characteristics theary P. Borderwork Q. Specific characteristics R. Self-directed orientation S. Closeness of supervision T. Routirization U. Intellectual flexibility V. Substartive cormplexity W. Doing difference X. Intersectionality
-____ Ways in which individuals or groups are ranked in society.
Effective Price Floor
A government-imposed limit below which prices cannot legally fall, set above the equilibrium price, leading to potential surplus or excess supply.
Industry Firms
Companies or businesses that operate within a specific sector of the economy, producing goods or services related to that sector.
Ceiling Price
A maximum legal price set by the government on certain goods or services to prevent prices from rising above a certain level.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price.