The Generational Effect Refers to the

question 55

Multiple Choice

The generational effect refers to the

• A) way in which political socialization produces opinions.
• B) increased tension between the two major political parties.
• C) tendency for persons to become more conservative as they grow older.
• D) long-lasting impact of significant events of a particular time on the generation that came of age at that time.
• E) way in which the family influences opinions.

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Definitions:

Societal Choices

Decisions made by a society as a whole about the allocation of resources and priorities among different uses.

Opportunity Cost

The worth of the best alternative given up as a consequence of a decision made.

Utility

The subjective benefit or satisfaction a person expects from a choice or course of action.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, leading to the necessity of making choices.