Merton Believed That There Are 5 Modes of Adaptation to Strains

question 1

Multiple Choice

Merton believed that there are 5 modes of adaptation to strains. These modes are:

• A) Fundamentalists, forgivers, ritualists, retreatists, and retaliationists
• B) Fundamentalists, forgivers, realists, retreatists, and retaliationists
• C) Conformists, innovators, realists, renovators, and rebels
• D) Conformists, innovators, ritualists, retreatists, and rebels

---

Definitions:

Incentive Function

The way in which economic rewards or penalties influence the actions of individuals and firms.

Competitive Markets

Markets where multiple firms are in rivalry to attract consumers, characterized by free entry and exit, leading to efficient outcomes.

Price Increases

An upward adjustment in the cost of goods or services, typically reflecting higher production costs or increased demand.

Economic Rents

Earnings that exceed the minimum amount necessary to keep a factor of production in its current use.