Collective Group Actions in Response to Uneven Development, Inequality, and Injustice

question 14

Multiple Choice

Collective group actions in response to uneven development, inequality, and injustice that seek to build institutional networks to transform cultural patterns and government policies are referred to as what kind of action?

• A) crusades
• B) social movements
• C) social initiatives
• D) public causes

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at various prices.

Willingness to Pay

The maximum amount a consumer is ready to spend on a good or service.

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the price they actually spend.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.