________ Refer to Abstract Ideals in a Given Society

question 4

Multiple Choice

________ refer to abstract ideals in a given society.

• A) Norms
• B) Material goods
• C) Values
• D) Folkways

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Definitions:

Oil Prices

The cost per barrel of crude oil on the international market, influenced by global production, geopolitical events, and supply-demand imbalances.

Inflationary Spiral

A situation where rising wages lead to increased demand and prices, which then lead to higher wages and prices again, creating a continuous upward price spiral.

Unemployment

The condition of not having a job, describing individuals actively seeking work but unable to find employment.

Affirmative Action

A set of policies aimed at increasing opportunities for historically excluded groups in education and employment by considering factors including race and gender.