Frank Is the Son of a Middle-Class Family

question 74

Multiple Choice

Frank is the son of a middle-class family. He took the family car without permission last night, returning home at 3 AM with the smell of alcohol on his breath. It is most likely, based on the research of Kohn, that the next day Frank's parents will ________.

• A) call the police and have their son arrested to impress upon him the error of his ways
• B) buy him his own car and hold him to a higher standard of responsibility
• C) physically punish their son using a culturally approved method
• D) suspend Frank's driving privileges for a month and discuss with Frank the dangers of drinking and driving

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Definitions:

Constant-cost Industry

An industry in which the costs of production or the prices of inputs do not change as the industry expands or contracts.

Entry or Exit

The process of a firm beginning operations in a market (entry) or leaving a market (exit), influenced by factors like profitability and barriers to entry.

Industry Expanding

A phase where the sector's businesses are growing in terms of production, workforce size, or market reach.

Production Facilities

Physical locations designed and equipped for the production of goods or services.