Informal Norms Are ________

question 98

Multiple Choice

Informal norms are ________.

• A)norms governing everyday social behavior,the violation of which raises comparatively little concern
• B)deemed highly necessary to the welfare of a society
• C)made by a government for a society,interpreted by the courts,and backed by the power of the state
• D)None of these answers is correct.

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Definitions:

Budget Lines

A graphical representation of all possible combinations of two goods which a consumer can purchase at given prices and within the constraints of his/her income.

Budget Line

A visual representation of all the different combinations of two products that can be bought within a certain budget and price range.

Indifference Curve

A chart illustrating various pairings of two products that deliver the same level of enjoyment and usefulness to a buyer.

Budget Line

A graphical representation of all possible combinations of two goods that an individual can afford given their income and the prices of the goods.