Which of the Following Would Be an Example of Cultural

question 93

Multiple Choice

Which of the following would be an example of cultural capital?

• A) knowing all the names of Monster Truck drivers
• B) knowledge of great American authors
• C) a close network of extended relatives
• D) knowledge of Laotian cuisine

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Definitions:

Laws of Economics

Fundamental principles that govern economic behavior and interactions, such as supply and demand, cost-benefit analysis, and incentives.

Interest-Rate Cost-Of-Funds

The cost to banks or financial institutions of acquiring funds to lend, which can include interest paid on deposits or on borrowed funds.

Marginal Benefit

Additional value or satisfaction obtained by consuming an extra unit of a good or service.

Utility-Maximizing Rule

A principle in economics that states individuals allocate their resources to maximize their utility or satisfaction.