A _____ Is a Group Whose Presumed Perspective or Values

question 32

Multiple Choice

A _____ is a group whose presumed perspective or values are used by an individual as the basis for his or her judgments,opinions,and actions.

• A)subculture
• B)social class
• C)reference group
• D)demographic group
• E)cultural mix

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Definitions:

Economic Resources

The inputs used to produce goods and services, including natural resources, labor, and capital.

Consumption

The use of goods and services by households, constituting one of the primary components of GDP.

Price Mechanism

The manner in which the prices of goods or services affect the supply and demand of goods and services.

Capitalist Economies

Economic systems where capital assets are privately owned, and the production and distribution of goods and services are determined by competition in a free market.