Which of the Following Most Closely Relates to the Idea

question 59

Multiple Choice

Which of the following most closely relates to the idea of opportunity costs?

• A) trade-offs
• B) economic growth
• C) technological change
• D) capitalism

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Definitions:

Social Facts

Aspects of social life that exist outside and independently of individual consciousness and exert influence on individual behavior, as conceptualized by Émile Durkheim.

Western Marxism

A form of Marxist theory that emphasizes culture and ideology as significant factors in the struggle for social change, diverging from orthodox Marxism's focus on economic forces.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, by investments determined by private decision, and by prices, production, and the distribution of goods determined mainly by competition in a free market.

Hegelian-Marxist

An approach blending Hegel's dialectical method and Marxist theory to analyze and interpret societal changes and relationships.