Some Argue That It's Not Possible to Change Established Traditions

question 14

Multiple Choice

Some argue that it's not possible to change established traditions without risking destruction of society's systems,so we should leave the tradition of marriage alone.A plausible reply to this line is that:

• A)established traditions are invariably discriminatory.
• B)established traditions can never be reformed.
• C)this view implies that no social reforms should ever be undertaken,a perspective that would have disallowed,for example,the abolition of slavery.
• D)this view implies that traditions that have been discarded in the past should be reinstituted.

Understand the concept of equity and debt financing in a business context.

Apply concepts of percentage change to demographic and economic indicators.

Understand and apply concepts of speed and efficiency in work-related contexts.

Understand how to calculate the percentage by which revenue exceeds operating expenses given the percentage of operating expenses to revenue.

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Definitions:

Production Inefficiency

A situation where resources are not utilized in the best possible manner, resulting in wasted potential output.

Production Possibility Frontier

A graphical representation that shows the maximum combination of two goods or services that can be produced within a given time period, given available resources and technology.

Economic Growth

A growth in an economy's ability to generate goods and services when comparing two different time periods.

Unemployment

A condition where people who are willing to work at prevailing wage rates cannot find employment.