Automobiles Provide Transportation and Independence

question 1

Multiple Choice

Automobiles provide transportation and independence. But they are also responsible for a great deal of air pollution and contribute to global warming. Merton would consider these negative impacts to be __________.

• A) ​dysfunctions
• B) ​latent functions
• C) ​unavoidable functions
• D) ​manifest functions

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Definitions:

Taxable Income

The amount of an individual’s or corporation's income used to calculate how much tax they owe to the government, after deductions and exemptions.

Price Elasticities

Measures of the sensitivity of the quantity demanded or supplied of a good to a change in its price.

Tax Burden

The measure of the total amount of taxes that individuals, businesses, or other entities must pay relative to their income or consumption.

Elastic Supply

characterizes a market situation where the quantity supplied changes significantly in response to changes in price.