The Second Assumption of a Synthesis Approach Is That Societies

question 15

Multiple Choice

The second assumption of a synthesis approach is that societies are organized, but the process of organization generates conflict. This is because

• A) scarce resources can be equally distributed but those in power control allocation decisions in their own favor.
• B) scarce resources can never be equally distributed, and those who have power end up making the allocation decisions.
• C) those without power always envy those with power, and thus create conflict to level the playing field.
• D) those without power control the means of production and allocation of resources, but lack the intelligence to distribute resources equitably.

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Definitions:

Loanable Funds

The market model representing the supply and demand for loans, where the interest rate is determined.

Demand

The desire of purchasers to buy a certain good or service, backed by the ability and willingness to pay a specific price.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing and the real yield to savers.

Loanable Funds

The supply of funds available for borrowing in the financial markets, impacting interest rates.