Functionalist Theory Is Very Concerned with the Ways in Which

question 169

Multiple Choice

Functionalist theory is very concerned with the ways in which structures contribute to the stability of society. What is a structure?

• A) a social institution that is stable over time and helps meet the needs of society
• B) any aspect of society that generates conflict or change
• C) a class hierarchy
• D) part of the means of production
• E) an informal agreement between people over a wide geographical area

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Definitions:

Price Wedge

The difference between the price paid by buyers and the price received by sellers, often resulting from taxes, subsidies, or other interventions in the market.

FICA

Stands for Federal Insurance Contributions Act, specific U.S. legislation that funds Social Security and Medicare through payroll taxes.

Seller Bears

Refers to situations where the seller is responsible for any additional costs or risks associated with a transaction.

FICA Tax

A U.S. federal payroll tax that funds Social Security and Medicare, contributions are made by both employees and employers.