In recent years there was an awakening of ethnic identity among the following groups__________________?
Correct answer: D. all of the above
- A. African Americans
- B. Hispanics
- C. Native Americans
- D. all of the above
Explanation
African Americans, Hispanics, and Native Americans have all experienced renewed ethnic or cultural consciousness in recent decades. The shared experience makes “all of the above” the appropriate choice.
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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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