A Set of Unwritten Rules That Govern a Family System

question 3

Multiple Choice

A set of unwritten rules that govern a family system are called:

• A) homeostasis
• B) boundaries
• C) triads
• D) subsystems

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Definitions:

Market Outcome

The equilibrium result of market forces of supply and demand determining the price and quantity of goods and services exchanged.

Implicit Costs

Input costs that do not require an outlay of money by the firm

Outlay

The amount of money spent on a particular item or service, serving as expenses in financial transactions or projects.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between options.