What Are Manifest Functions

question 9

Multiple Choice

What are manifest functions?

• A)unrecognised and intended consequences of a social action
• B)recognised and unintended consequences of a social action
• C)unrecognised and unintended consequences of a social action
• D)recognised and intended consequences of a social action

---

Definitions:

Marginal Utility

The heightened utility one obtains from the consumption of an extra unit of a particular good or service.

Income

Income earned, particularly when it's consistent, from work or investment returns.

Efficient Allocation

An economic condition where resources are distributed in a way that maximizes the welfare of society, ensuring that every good or service is produced up to the point where the last unit provides a benefit equal to the cost of producing it.

Risk

Uncertainty about future outcomes.