Suppose you are a freelance graphic designer, and you ask clients to pay you immediately online. One client insists on paying by check, a less immediate process. You start declining this client's projects in favor of clients who pay online. In Adam Smith's terms, your decision is based on finding an unacceptable level of __________ in the proposed exchange.
a.) inequality
b.) inefficiency
c.) liability
d.) conflict
Answer: b.) inefficiency
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Industrial societies typically define people in old age as
a. the most wise. b. the most knowledgeable about current fashion and trends. c. more out of touch and less socially important than younger adults. d. wealthy and powerful.
Denmark is an example of a European nation with a system of welfare capitalism in which high taxes pay for extensive government-provided benefits
Indicate whether the statement is true or false
Two-person social structures (e.g., Walmart store clerk and a customer) are often embedded within larger social structures.
Indicate whether the statement is true or false
The three dimensions of social stratification are social class, income, and power.
Answer the following statement true (T) or false (F)