Norms Refer To

question 110

Multiple Choice

Norms refer to:

• A) the social rules and guidelines that prescribe appropriate behavior in particular situations.
• B) a system of values that are shared among a group of people.
• C) the routine conventions of everyday life.
• D) abstract ideas about what a group believes to be good, right, and desirable.

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Definitions:

Marketing Economy

An economy where decisions regarding investment, production, and distribution are based on market conditions, primarily supply and demand.