In Discussing Primary and Secondary Groups, the Text Points Out

question 98

Multiple Choice

In discussing primary and secondary groups, the text points out that ____________ .

• A) secondary and primary groups are always mutually exclusive
• B) all secondary groups are approximately the same size
• C) primary and secondary groups are equally likely to be specialized, but in different ways
• D) people in a secondary group may eventually form a primary group

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Definitions:

Midpoint Formula

A method used in geometry and economics to find the midpoint or the average of two points on a line segment.

Consumer Expenditure

The total amount spent by consumers on goods and services in a given period.

Total Revenue

The overall amount of money generated from the sale of goods and services before any expenses are subtracted.

Inelastic

Describes a situation where the quantity demanded or supplied changes by a smaller percentage than the percentage change in price.