Examlex

Solved

__________ Argued That Social Stratification Is Functional and Ensures That

question 60

Multiple Choice

__________ argued that social stratification is functional and ensures that the most talented people fill the roles they are best suited for by rewarding them accordingly.


Definitions:

Surplus

An excess of production or supply over demand, often leading to lower prices or an inventory accumulation.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, aimed at preventing prices from reaching levels deemed too high.

Price Floor

A government or group-imposed price control or limit on how low a price can be charged for a product. It is aimed at preventing prices from being too low.

Shortage

refers to a situation where the demand for a product or service exceeds the supply available at a specific price.

Related Questions