The Principle That "As More of a Good Is Consumed

question 207

Multiple Choice

The principle that "as more of a good is consumed, its extra benefit declines" is known as

• A) the law of demand.
• B) the law of diminishing marginal product.
• C) the law of diminishing marginal utility.
• D) the law of comparative advantage.

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Definitions:

Labeling Theory

Holds that deviance results not so much from the actions of the deviant as from the response of others, who label the rule breaker a deviant.

Deviance Results

Outcomes or consequences that stem from behaviors or actions that violate societal norms.

Non-Deviant Associations

Relationships or connections with groups or individuals that conform to societal norms and laws, avoiding behaviors considered deviant.

Differential Association Theory

Holds that people learn to value deviant or nondeviant lifestyles depending on whether their social environment leads them to associate more with deviants or nondeviants.