Collective Behavior Involves Action That Often

question 38

Multiple Choice

Collective behavior involves action that often:

• A) is unplanned.
• B) involves a large number of people.
• C) is controversial.
• D) All of the above are correct.

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Definitions:

Equilibrium Level

Equilibrium level refers to the state in an economy or market where supply equals demand, so there is no tendency for change.

Disposable Income

Available financial assets to households for investments and outlays after income taxes have been applied.

Government Spending

Expenditures by government bodies on goods and services, including salaries, infrastructure, and welfare programs.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.