To Say That Something Is a Normative Theory Is to Say

question 24

True/False

To say that something is a normative theory is to say that it tells us what we ought to do.

Identify the significance of social stratification and inequality in shaping life chances.

Grasp the relationship between micro (individual) and macro (societal) levels in sociological analysis.

Define and distinguish between sociological terms and concepts.

Appreciate the role of societal norms in shaping behaviors and social phenomena.

---

Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.

Total Variable Cost

The total of all variable expenses which change with the level of output.

Economic Consultant

A professional who provides expert advice on economic matters, including analysis, forecasting, and policy recommendations.

Marginal Cost

Marginal Cost is the cost of producing one additional unit of a good.