_____ Are Time-Honored Ways of Doing Things

question 11

Multiple Choice

_____ are time-honored ways of doing things.Although they carry the force of tradition,their violation is unlikely to threaten the survival of the social group.

• A)Folkways
• B)Mores
• C)Anomies
• D)Feeling rules

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Definitions:

Public Good

A product that is non-excludable and non-rivalrous in consumption, meaning its use by one individual does not reduce its availability to others.

Excludability

A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.

Marginal-cost-marginal-benefit Rule

A principle suggesting that optimal decision making involves continuing an activity until the additional benefits no longer exceed the additional costs.