Norms and Values Are Both

question 27

Multiple Choice

Norms and values are both:

• A)Controlled entirely by the dominant culture.
• B)Timeless and unchanging because they are encoded in law and government.
• C)Constantly changing and open to re-negotiation.
• D)The result of substantial agreement between members of the dominant culture and members of sub-cultures.
• E)Timeless and unchanging because they are encoded in religion and mythology.

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Definitions:

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Household Wealth

The net value of all assets owned by members of a household, including property, investments, and cash, minus liabilities.

Price Level

The mean price point of all goods and services within the economic framework.

Disposable Income

After-tax financial resources available to households for the purposes of saving and spending.