________ Are Beliefs About What a Society Considers to Be

question 95

Multiple Choice

________ are beliefs about what a society considers to be good, right, desirable, or beautiful.

• A)Folkways
• B)Values
• C)Laws
• D)Traditions
• E)Mores

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Definitions:

Communist Central Planning

A system where all economic and production decisions are made by the government, with the aim of equal distribution of wealth.

Personal Gain

Refers to the benefit or advantage that an individual receives from a particular action or transaction.

Circular Flow Model

An economic model that depicts how money flows through the economy between households and firms through markets for goods and services and for labor.

Money Flows

The movement of money between different sectors of the economy, including households, businesses, and governments, influencing economic activity.