Building Social Relationships and Creating Tens of Thousands of Jobs

question 52

Multiple Choice

Building social relationships and creating tens of thousands of jobs are two of the ____ of sports.

• A) manifest functions
• B) latent functions
• C) dysfunctions
• D) All of the above are correct.

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Definitions:

National Output

National Output is the total value of all goods and services produced by an economy over a specific period, typically measured as GDP.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Employment

The condition of having paid work, or the relationship between an employer and an employee where the employee provides labor in exchange for compensation.

Positive Economics

The branch of economics that focuses on describing and explaining economic phenomena as it actually exists.