Those People or Groups Who Will Suffer in the Event

question 52

Multiple Choice

Those people or groups who will suffer in the event of social change and who have a stake in maintaining the status quo are called

• A)vested interests.
• B)apartheids.
• C)luddites.
• D)technocrats.

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Definitions:

Net National Product

The total value of goods and services produced by a country's citizens, adjusted for depreciation; it reflects the nation's overall economic productivity after wear and tear on assets.

Profit-maximizing Condition

The state or point at which a business achieves the highest level of profit with the least amount of cost, often by equating marginal cost and marginal revenue.

Role Of Government

The activities undertaken by a government to regulate and guide the economy, including policy-making, taxation, and spending.

Unemployment Level

The number or percentage of the labor force that is without work but actively seeking employment.