A Young Sociologist Decided That a New Model or Framework

question 52

Multiple Choice

A young sociologist decided that a new model or framework was needed to guide research and methods. The sociologist is searching for:

• A) acceptance by his university peers.
• B) a paradigm.
• C) an established balanced consensus.
• D) Darwinism.
• E) statistics.

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Definitions:

Monopoly Powers

The ability of a single seller or company to control the market for a good or service, often resulting in limited competition.

Impossibility Theorem

A theory, often associated with economist Kenneth Arrow, stating that no rank-order voting system can simultaneously fulfill certain fairness criteria.

Paul Samuelson

An American economist known for his contributions to many areas of economic theory; the first American to win the Nobel Memorial Prize in Economic Sciences.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often leading to negative externalities or a misallocation of resources.