Students in a College Sociology Course, Who May Interact with Others

question 39

Multiple Choice

Students in a college sociology course, who may interact with others in the class, but who probably will not see many of the students again after the semester ends, is an example of a(n) __________.

• A)informal group
• B)secondary group
• C)formal group
• D)primary group

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Definitions:

Opportunity Costs

The cost of choosing one option over another, represented by the value of the opportunities or benefits the second-best choice would have provided.

Aggregate Demand

The total demand for goods and services within a particular market or economy at a given overall price level and in a given time period.

Full Employment

A situation where all available labor resources are being used in the most economically efficient way.

Ppf (Production Possibility Frontier)

A curve depicting the maximum possible output of two goods or services that can be produced with a fixed set of resources and technology, assuming all resources are fully employed.