Conflicts between the dominant group and minorities develop because_________________?
Correct answer: D. all of the above
- A. minorities are perceived as different
- B. minorities perceive themselves as different
- C. the dominant group has coercive power
- D. all of the above
Explanation
Conflict can arise when minorities are seen as different, when they identify themselves as different, and when the dominant group uses its greater coercive power. Since each mechanism can contribute, all of the above is correct.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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