-Refer to the Above Figure

question 152

Multiple Choice

-Refer to the above figure. Which of the following statements is true?

• A) Point a is efficient, Point b is efficient, point c is inefficient.
• B) Point a is unobtainable, point b is efficient and point c is inefficient.
• C) Point a is inefficient, point b is efficient and point c is unobtainable.
• D) All of the points are efficient.

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Definitions:

Inequalities of Wealth

Disparities in the distribution of assets and wealth across individuals or groups within a society.

Contractually Bound

Obligated by a contract to act in accordance with its terms.

Kinship Network

A web of social relationships that form an important part of the social structure in many societies, emphasizing blood ties and marital connections.

Social Institution

A complex, integrated set of norms and structures that dictate how individuals in a society interact and organize around fundamental needs and purposes, like family, education, and religion.