Which of the Following Describes a Society According to Sociologists

question 153

Multiple Choice

Which of the following describes a society according to sociologists?

• A) Highly independent individuals living together.
• B) Members who share common culture.
• C) Members who are unaware of other societies.
• D) Members who exhibit constant harmony.

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Definitions:

Allocatively Inefficient

A situation where resources are not allocated in a way that maximizes the total benefits to society, often leading to overproduction or underproduction of certain goods.

Productively Inefficient

A situation in which a producer cannot produce a desired output at the lowest possible cost, indicating a waste of resources.

Collusive Practices

Actions taken by competing companies to work together secretly to increase prices or reduce competition, which is illegal in many jurisdictions.

Economic Inefficiency

arises when resources are not allocated in a way that maximizes the potential output or when there is a failure to fully utilize resources, resulting in lost potential gains.