Author Question: Compare the sociological perspective on the economy with the study of economics. What will be an ... (Read 51 times)

chandani

  • Hero Member
  • *****
  • Posts: 541
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

  • Sr. Member
  • ****
  • Posts: 312
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

For a complete list of videos, visit our video library