What Is the Most Common System of Kinship Classification Used

question 43

Multiple Choice

What is the most common system of kinship classification used in the United States?

• A) bifurcate merging
• B) lineal
• C) bifurcate collateral
• D) generational
• E) patrilineal

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Definitions:

Profit

Profit is the financial return or gain achieved from an investment or business venture after subtracting all expenses and costs.

Equilibrium Price

The price at which the quantity of a good or service supplied matches the quantity demanded, leading to market balance.

Competitive Price-Taker

A firm or individual that has no influence over the market price and must accept the prevailing market price for its product or input.

Profit

The financial gain made in a transaction or operation, calculated as the difference between the revenue earned and the costs incurred.