Which Concept Is Used to Describe Relatively Stable Patterns of Social

question 20

Multiple Choice

Which concept is used to describe relatively stable patterns of social behavior?

• A)social structure
• B)manifest functions
• C)social functions
• D)social dysfunctions

Understand the concept and application of Pigouvian taxes and subsidies as a means to correct market failures due to externalities.

Recognize the tragedy of the commons and overuse of common resources.

Analyze the impact of strategic behavior on market outcomes, including advertising and inter-firm competition.

Understand the concept of Nash equilibrium in games involving externality effects.

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Definitions:

External Attribution

The process of ascribing the cause of one's own or another's behavior to external factors or the environment.

Internal Attribution

The process of attributing the cause of one's behavior to personal factors, such as character or effort, rather than to external circumstances.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Casual Social Interactions

Interactions that are informal and not structured, occurring spontaneously between individuals in social settings.