The Requirement That Individuals Select Mates from Outside Certain Groups

question 41

Multiple Choice

The requirement that individuals select mates from outside certain groups is known as

• A)exogamy.
• B)hypergamy.
• C)endogamy.
• D)homogamy.

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Definitions:

Substitutes

Products or services that can be used in place of one another, where an increase in the price of one leads to an increased demand for the other.

Complements

Goods or services that are used together, where an increase in the consumption of one leads to an increase in the consumption of the other.

Law of Supply

The principle that, other things equal, an increase in the price of a good leads to an increase in the quantity supplied, and vice versa.

Price

The amount of money required to purchase a good or service, representing the value that consumers or buyers are willing to pay.