Which of the Following Perspectives Can Trace Its Origins to the Works

question 50

Multiple Choice

Which of the following perspectives can trace its origins to the works of Karl Marx?

• A) social disorganization
• B) conflict
• C) structural-functionalist
• D) social pathology

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Definitions:

Allocative Efficiency

A state where resources are allocated in a way that maximizes the net benefit to society, with products being produced at a quantity where the price equals marginal cost.

Consumer Surplus

The contrast between the total payment consumers are willing and financially able to make for a good or service and the amount they truly pay.

Producer Surplus

The discrepancy between the price producers agree to sell a good for and the price they actually end up receiving.

Economic Efficiency

A condition in which resources are allocated in the most effective way possible, maximizing outputs from given inputs without waste.