Demand Applies to Which of the Following

question 376

Multiple Choice

Demand applies to which of the following?

• A) fast food
• B) criminal activity
• C) labor market
• D) all of the above

Define and give examples of Weber's concepts of classes, status groups, and parties.

Understand and define Weber's concept of authority with examples.

Explain the difference between power and authority with examples.

Define class and class consciousness according to Marx and apply these concepts to contemporary Canadian society.

---

Definitions:

Industry-Wide Safety Standards

Norms and regulations designed to ensure safe practices across an entire industry, often developed by consensus among industry members or mandated by governmental agencies.

CPSC

The Consumer Product Safety Commission (CPSC) is a U.S. government agency responsible for protecting the public from unreasonable risks of injury or death associated with consumer products.

Consumer Financial Protection Bureau

A U.S. government agency tasked with ensuring that consumers are treated fairly by banks, lenders, and other financial companies.

Extending Credit

The practice of allowing a borrower to use resources now and pay for them later, under agreed terms.