With Which of the Following Statements Would Conflict Theorists Agree

question 30

Multiple Choice

With which of the following statements would conflict theorists agree?

• A) In all social systems there are scarce resources which lead to conflict.
• B) All social systems demonstrate social stratifications, where some people are more powerful and have more status than others.
• C) Economic status influences the way in which people interpret and analyze life; this is unavoidable in a capitalistic society.
• D) Conflict theorists would agree with all of the above.

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Definitions:

Aggregate Demand

The grand total of all demands for goods and services within an economic sphere, established at a certain collective price level during a fixed timeframe.

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period, at a given price level.

Capital Stock

The total amount of physical goods and financial assets that are used in the production of goods and services in an economy.

Aggregate Demand

The summed demand for goods and services across an economic milieu, set at a specific price level for a given time interval.