Which Term Refers to a Set of Expected Behaviour Patterns

question 31

Multiple Choice

Which term refers to a set of expected behaviour patterns attributed to someone occupying a given position in a social unit?

• A) norms
• B) status
• C) role
• D) cohesiveness
• E) diversity

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Definitions:

Consumer Surplus

The variance between what consumers are ready and capable of spending on a product or service and the actual sum they end up paying.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting the benefit to producers from higher prices.

Consumer Surplus

The gap between what consumers are prepared to spend on a product or service and the actual amount they end up paying.

Maximum Willingness

The highest amount an individual is prepared to pay for a good or service, reflecting their subjective valuation of its utility.