What happens when supply is inelastic? An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied. Unitary elasticity means that a given percentage change in price leads to an equal percentage change in quantity demanded or supplied. What does […]
What are the main arguments of the conflict theorists?
What are the main arguments of the conflict theorists? Conflict theorists believe that competition is a constant and, at times, an overwhelming factor in nearly every human relationship and interaction. Competition exists as a result of the scarcity of resources, including material resources–money, property, commodities, and more. Which factors do sociologists suspect were the cause […]
How did the Industrial Revolution develop the economy?
How did the Industrial Revolution develop the economy? The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient. How did the Industrial […]
How did the US stop the spread of communism during the Cold War?
How did the US stop the spread of communism during the Cold War? In 1947, President Harry S. Truman pledged that the United States would help any nation resist communism in order to prevent its spread. His policy of containment is known as the Truman Doctrine. To help rebuild after the war, the United States […]
What causes boom and bust cycles?
What causes boom and bust cycles? Three forces combine to cause the boom and bust cycle. They are the law of supply and demand, the availability of financial capital, and future expectations. These three forces work together to cause each phase of the cycle. What often caused busts in the boom and bust cycle that […]
What is the goal of psychology according to structuralists?
What is the goal of psychology according to structuralists? Structuralism sought to analyze the adult mind (defined as the sum total of experience from birth to the present) in terms of the simplest definable components and then to find the way in which these components fit together in complex forms. Wilhelm Wundt. What is the […]
Can two different species occupy the same habitat?
Can two different species occupy the same habitat? The competitive exclusion principle states that two species cannot occupy the same niche in a habitat. In other words, different species cannot coexist in a community if they are competing for all the same resources. Why do different species never occupy exactly the same niche? Why do […]
How does the human capital perspective explain the differential earnings of women and men in the labor market?
How does the human capital perspective explain the differential earnings of women and men in the labor market? Since, on average, women work fewer hours throughout their lives, one expects women to purchase less human capital investments than men. Lower human capital investments relative to men, translate to lower per hour relative women’s wages. Hence […]
What is another term for negative reinforcement?
What is another term for negative reinforcement? What is another word for negative reinforcement? aversive aversive stimulus castigation censure chastening chastisement correction discipline punishment reprimand What is a negative reinforcement example? Deciding to take an antacid before you indulge in a spicy meal is an example of negative reinforcement. You engage in an action in […]
What are traditional female gender roles?
What are traditional female gender roles? What are gender roles? Gender roles in society means how we’re expected to act, speak, dress, groom, and conduct ourselves based upon our assigned sex. For example, girls and women are generally expected to dress in typically feminine ways and be polite, accommodating, and nurturing. What is the role […]