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Questions and Answers
What does the economic institution of a society provide for its members?
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?
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?
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?
What do non-state institutions encompass?
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What is the role of non-state institutions?
What is the role of non-state institutions?
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What are the necessary parts for a formal economic system to function properly?
What are the necessary parts for a formal economic system to function properly?
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What does the economic institution of a society provide for its members?
What does the economic institution of a society provide for its members?
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How does the economic institution influence culture and affect social stratification?
How does the economic institution influence culture and affect social stratification?
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What are non-state institutions?
What are non-state institutions?
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What is the role of non-state institutions?
What is the role of non-state institutions?
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