Which Best Describes the Contradictions in an Existing Economic and Social

question 40

Multiple Choice

Which best describes the contradictions in an existing economic and social order that create a push for change,which eventually leads to new economic conditions and social relations?

• A)alienation
• B)dialectical materialism
• C)conflict theory
• D)symbolic interactionism

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Definitions:

Market Allocations

Agreements between competitors to divide markets among themselves, often considered illegal under antitrust laws.

Sherman Act

The Sherman Act is landmark federal legislation passed in 1890 aimed at promoting fair competition for the benefit of consumers by prohibiting monopolies and restrictive trade practices.

Franchise

A type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor's) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name.

Tying Arrangement

A business practice where the sale of one product is linked to the compulsory purchase of another, often scrutinized under antitrust laws.