Which Are Terms Used by an Economist

question 139

Multiple Choice

Which are terms used by an economist

• A)vector spaces and axioms
• B)torts and venues
• C)ego and cognitive dissonance
• D)consumer surplus and deadweight loss

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Definitions:

Stratification

The division of society into hierarchical levels based on factors like wealth, power, and social status.

Culture Of Poverty

The argument that poverty is a way of life and, like other cultures, is passed on from generation to generation.

Economic Restructuring

Contemporary transformations in the basic structure of work that are permanently altering the workplace, including demographic changes, deindustrialization, enhanced technology, and globalization.

Labor Market

Refers to the supply of and demand for labor, where employers seek to hire employees, and individuals look for jobs.