Carol Stack's Study of Friendship Among the Urban Poor Demonstrated

question 28

Multiple Choice

Carol Stack's study of friendship among the urban poor demonstrated that

• A)poverty resulted in the breakdown of social relations
• B)kinship ties helped people cope with poverty
• C)friends were rare,with individuals fearing that extensive networks of friends would drain their resources
• D)poor people strategize and cope through social ties such as friendship
• E)people sought friends who were better off to help them,while avoiding poorer acquaintances

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Definitions:

Marginal Cost

The augmentation in complete expenditure resulting from the manufacture of one more unit of a good or service.

Economies Of Scale

The cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.

Law Of Diminishing Returns

An economic principle stating that adding more of one factor of production, while holding others constant, will at a certain point yield lower incremental per-unit returns.

Economies Of Scale

The financial benefits that businesses achieve because of their size of operation, generally seeing a reduction in cost per unit of output as the scale expands.