Which of These Is Not a Characteristic of Most Industrial

question 156

Multiple Choice

Which of these is not a characteristic of most industrial societies?

• A)use of machines to produce goods and services
• B)increased death rates and a lowered life expectancy
• C)highly differentiated labor force
• D)social cohesion achieved through structures of social institutions

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Definitions:

Mark-up Pricing

A pricing strategy where a fixed percentage is added to the cost of producing a good or service to determine its selling price.

Direct Discrimination

Actions or policies that explicitly treat an individual or group less favorably than others based on prohibited grounds such as race, gender, or age.

Indirect Discrimination

Practices or policies that appear neutral but result in a disproportionate impact on a protected group without a justifiable reason.

Diminishing Marginal Returns

The principle stating that as additional units of a variable resource are added to a fixed resource, the additional output produced by each new unit eventually decreases.