Compare the sociological perspective on the economy with the ...

[chandani]

Compare the sociological perspective on the economy with the study of economics.
 
  What will be an ideal response?

Question 2

Mob violence tends to dissipate relatively quickly once a target has been injured, killed, or destroyed.
 
  a. True
 b. False
  Indicate whether the statement is true or false

[duke02]

Answer to Question 1

Economists attempt to explain how the limited resources and efforts of a society are
allocated among competing ends. To economists, an imbalance exists between
people's wants and society's ability to meet those wants. Some economists believe
that the most important fact of economics is the law of scarcity, which means that
there will never be enough resources to meet everyone's wants. Economists focus on
the complex workings of economic systems (such as monetary policy, inflation, and
the national debt), whereas sociologists focus on interconnections among the
economy, other social institutions, and the social organization of work. At the
macrolevel, sociologists may study the impact of transnational corporations on
industrialized and low-income nations. At the microlevel, sociologists might study
people's satisfaction with their jobs.

Answer to Question 2

True