The "Jocks" and the Members of the Chess Club at a Local

question 104

Multiple Choice

The "jocks" and the members of the chess club at a local high school seldom speak to one another.Which of the following terms best reflects this situation?

• A)"I" and "me"
• B)"us" and "them"
• C)"you" and "them"
• D)primary groups and secondary groups

---

Definitions:

Explicit Costs

Direct, out-of-pocket payments for wages, materials, rent, and other expenditures incurred in the conduct of a business.

Equilibrium Interest Rate

The interest rate at which the quantity of money demanded equals the quantity of money supplied.

Loanable Funds

The total amounts of capital available for borrowing, which includes savings and any additional credits created by financial institutions.

Market

A conceptual or physical place where buyers and sellers convene to exchange goods, services, and information.