A Sociology Instructor Asks Students to Make Lists of the Characteristics

question 43

Multiple Choice

A sociology instructor asks students to make lists of the characteristics of the best and worst possible instructors. These lists, which would be used to evaluate all instructors, are an example of a(n)

• A) typology.
• B) ideal type.
• C) verstehen.
• D) hypothesis.

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Definitions:

Market System Failure

An economic situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Unfunded Liability

A future government spending commitment (liability) for which the government has not legislated an offsetting revenue source.

Social Security

The social insurance program in the United States financed by federal payroll taxes on employers and employees and designed to replace a portion of the earnings lost when workers become disabled, retire, or die.

Monetary Policy

A central bank’s changing of the money supply to influence interest rates and assist the economy in achieving price-level stability, full employment, and economic growth.