What Is the Sociological Significance of Social Structure

question 21

Multiple Choice

What is the sociological significance of social structure?

• A) It guides our behavior.
• B) Understanding it helps to prove the randomness of human behavior.
• C) It is a synonym for the term sociology.
• D) Our behavior guides it.

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Definitions:

Aggregate Expenditure

The total spending on goods and services in an economy during a specific period, including consumer spending, investment, government spending, and net exports.

Consumption Expenditures

Spending by households on goods and services, excluding new housing.

Value Added

Describes the additional worth created at each stage of production or distribution, calculated as the difference between the cost of inputs and the price of outputs.

Transaction Costs

Expenses incurred during the process of buying or selling goods or services, not including the price of the products themselves.