An Externality Affecting Demand Can Be Measured Graphically as the

question 147

Multiple Choice

An externality affecting demand can be measured graphically as the

• A)Horizontal distance between the market demand curve and the social demand curve.
• B)Vertical distance between the market demand curve and the social demand curve.
• C)Height of the social demand curve at all points.
• D)Height of the market demand curve at all points.

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Definitions:

Macrostructures

are overarching patterns of social relations that lie outside and above a person’s circle of intimates and acquaintances. Macrostructures include classes, bureaucracies, and power systems, such as patriarchy.

Postindustrialism

Postindustrialism describes the phase of economic and social development that follows industrialization, characterized by an economy focused on services and information rather than manufacturing.

Global Structures

are patterns of social relations that lie outside and above the national level. They include international organizations, patterns of worldwide travel and communication, and the economic relations between countries.

Émile Durkheim

Émile Durkheim was a pioneering French sociologist known for his contributions to the understanding of social structures, collective conscience, and the role of religion and education in society.