Social Institutions

question 152

Multiple Choice

Social institutions

• A)cannot be observed directly.
• B)are only found in large societies.
• C)do not serve any particular function in society.
• D)are rare in our society.

Recognize the focus and significance of positive psychology in human flourishing.

Appreciate the interaction between nature and nurture in human development and behavior.

Acknowledge the global applicability of psychological principles regardless of cultural differences.

Understand the commonalities in psychological processes that underlie cultural differences.

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Definitions:

Opportunity Cost

Abandoning potential gains available from alternative choices when one is picked.

Bushel

A unit of volume that is used primarily in agriculture, specifically for measuring volumes of dry goods such as grains and fruits.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.

Absolute Advantage

The ability of an entity to produce more of a good or service with the same amount of resources than another entity.