Which Theoretical Perspective Focuses on the Idea That Some Individuals

question 35

Multiple Choice

Which theoretical perspective focuses on the idea that some individuals and groups have more influence over our definitions of "reality" than others?

• A)structural-functionalist
• B)macro-level
• C)micro-level
• D)conflict

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Definitions:

Maximin Strategy

A decision rule used in situations of uncertainty to maximize the minimum gain that can be secured.

Equilibrium

A state where market supply and demand balance each other, and, as a result, prices become stable.

Dominant Strategy

In game theory, a strategy that is best no matter what the opposition does.

Players

In an economic context, players refer to individuals or entities actively participating in a market or economic model.