According to Sociologists Joe Feagin and Robert Parker,three Major Themes

question 95

Multiple Choice

According to sociologists Joe Feagin and Robert Parker,three major themes prevail in political economy models of urban growth.Which of the following is NOT one of these?

• A)Both economic and political factors affect patterns of urban growth and decline.
• B)Urban space has both an exchange value and a use value.
• C)Structure and agency are both important in understanding urban development.
• D)Urban growth is largely independent from class and class conflict.

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Definitions:

Deadweight Loss

A loss in economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

Inverse Demand Function

A mathematical function that describes how the quantity demanded of a good or service varies with its price, expressed as price as a function of quantity demanded.

Inverse Supply

A concept in economics that represents the relationship between the price of a good and the quantity supplied by producers, but from the perspective of price as a function of quantity supplied.

Tax

A required monetary payment or different kind of tax levied on a taxpayer by government entities to finance government operations and public services.