Erika Is a Graduate Student Who Is Attracted to Men

question 76

Multiple Choice

Erika is a graduate student who is attracted to men who attend university.What term best describes this pattern?

• A)socioeconomic bias
• B)homogamy
• C)class preference
• D)normativity

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Definitions:

Supply and Demand

The economic model that determines the price of an item in a market, based on the quantity of the good that producers wish to sell at various prices and the quantity that consumers wish to buy.

Perfectly Competitive Market

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information where no single buyer or seller can influence the market price.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a homogeneous product, ensuring no single entity can dictate the market price.

Monopolists

Firms or individuals that are the sole providers of a particular good or service, giving them significant market power.