Which of the Following Best Reflects the Concept of Relative

question 51

Multiple Choice

Which of the following best reflects the concept of relative deprivation?

• A) The causes of poverty are relative to the amount of gross domestic product
• B) Criminals tend to have been deprived by their relatives while they were young and thus develop early learning disorders
• C) The reason the poor become angry and frustrated might be their realization that other people in society have more money
• D) People who are depraved feel isolated from the larger culture and thus act out against it

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Definitions:

Amusement Parks

These are entertainment venues that feature rides, games, and other attractions for fun and amusement.

Reference Price

A price point that consumers use as a basis for comparison in judging the actual price of a product or service.

Differentiate Product

Differentiate product involves creating distinctions between products, typically to make a product more attractive by highlighting its unique features compared to competing products.

Prospect Theory

A behavioral economic theory that describes how people decide between alternatives that involve risk, valuing losses and gains differently.