Functionalism and Conflict Theory Both Attempt to Explain Social Stratification

question 1

True/False

Functionalism and conflict theory both attempt to explain social stratification.

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Definitions:

Economic Policies

Economic policies refer to the actions that governments take in the economic field. They encompass tax policy, government spending, interest rates, and labor market regulations.

Equity

Fairness or justice in the way people are treated or in the distribution of resources.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is not achievable.

Excise Taxes

Taxes imposed on specific goods or services, such as tobacco or alcohol, typically aimed at reducing consumption of these goods or raising revenue.