Sometimes Community-Wide Celebrations Have the Unexpected Consequence of Turning into an Occasion

question 56

Multiple Choice

Sometimes community-wide celebrations have the unexpected consequence of turning into an occasion in which people drink too much alcohol and miss work or class the next day as a result.This represents a __________ of the community-wide celebration.

• A)latent dysfunction
• B)latent function
• C)manifest function
• D)façade of legitimacy

Comprehend the functions and powers of the Federal Reserve in managing the U.S. economy.

Recognize the historical context and governmental warnings concerning the military-industrial complex.

Grasp the concept of federal funds rate and its impact on the economy.

Identify policies and programs aimed at reducing wealth disparities.

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Definitions:

World Production

The total output of goods and services produced by all countries around the globe.

Autarky

A situation in which a country does not trade with other countries.

Comparative Advantage

The advantage conferred on an individual or country in producing a good or service if the opportunity cost of producing the good or service is lower for that individual or country than for other producers.

Absolute Advantage

The advantage conferred on an individual or country in an activity if the individual or country can do it better than others. A country with an absolute advantage can produce more output per worker than other countries.