Consensus Theory Says That Social Institutions Serve the Interests of the Powerful

question 55

True/False

Consensus theory says that social institutions serve the interests of the powerful in society and are dysfunctional for many other members of society.

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Definitions:

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.

Minimum-Wage Law

Legislation that establishes the lowest hourly wage that employers can legally pay their workers.

Equilibrium Wage

The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers.

Labor Supplied

The total number of hours that workers are willing and able to work at a given wage rate.