The Fact That Producers Usually Prefer to Produce Products in Large

question 355

Multiple Choice

The fact that producers usually prefer to produce products in large quantities while most consumers prefer to buy in small quantities results in

• A)discrepancies of quantity.
• B)separations of ownership.
• C)discrepancies of assortment.
• D)spatial separations.
• E)temporal separations.

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Definitions:

Social Structure

The organized pattern of social relationships and social institutions that together constitute society, guiding and constraining individual behaviors.

Rational Choice Theory

An economic principle that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Micro-to-Macro

An approach or perspective in sociology that starts with the study of individuals or small groups (micro-level) and attempts to understand larger societal structures and processes (macro-level) based on these smaller interactions.

James Coleman

An influential American sociologist best known for his work in education, public policy, and social theory, including the development of the concept of social capital.