Institutional Knowledge Quiz

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What does the economic institution of a society provide for its members?

Extraction of goods and services

Creation of goods and services

Distribution of goods and services (correct)

Regulation of goods and services

What are the necessary parts for the economic system to function properly in a society?

Production system, distribution system, consumption system, consumers, system of barter

Production system, service system, distribution system, consumers, system of exchange (correct)

Production system, demand system, supply system, consumers, system of trade

Manufacturing system, distribution system, service system, buyers, system of commerce

How does the economic institution influence culture and social stratification?

It has no impact on culture and social stratification

It influences culture and affects social stratification (correct)

It only affects social stratification but not culture

It only influences culture but not social stratification

What do non-state institutions encompass?

Groups and organizations Signup and view all the answers

What is the role of non-state institutions?

To serve as groups and organizations Signup and view all the answers

What are the necessary parts for a formal economic system to function properly?

Production system, service system, distribution system, consumers, system of exchange Signup and view all the answers

What does the economic institution of a society provide for its members?

Distribution of goods and services Signup and view all the answers

How does the economic institution influence culture and affect social stratification?

By causing socialization and bringing about a distribution of power Signup and view all the answers

What are non-state institutions?

Groups and organizations Signup and view all the answers

What is the role of non-state institutions?

Analyze organizations and identify one’s role in social groups and institution Signup and view all the answers

Institutional Knowledge Quiz

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Questions and Answers

What does the economic institution of a society provide for its members?

What are the necessary parts for the economic system to function properly in a society?

How does the economic institution influence culture and social stratification?

What do non-state institutions encompass?

What is the role of non-state institutions?

What are the necessary parts for a formal economic system to function properly?

What does the economic institution of a society provide for its members?

How does the economic institution influence culture and affect social stratification?

What are non-state institutions?

What is the role of non-state institutions?

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