Related to the Economics in Practice on P

question 169

Multiple Choice

Related to the Economics in Practice on p. 5: The opportunity cost to Apple of having the hard drive produced in Japan by Toshiba is

• A) the wages paid to Japanese workers.
• B) the components of the hard drive which are not produced by Toshiba.
• C) having the hard drive produced by the next best available company.
• D) the value-added captured by Apple in the United States.

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Definitions:

Edna Bonacich

A sociologist known for her contributions to the study of labor, ethnicity, and economic sociology.

Color-Blind Racism

An ideology that removes race as an explanation for any form of unequal treatment.

Barack Obama

The 44th President of the United States, serving from 2009 to 2017, notable for being the first African American to hold the office.

Color Blindness

An ideology or approach that claims to ignore racial differences, aiming at treating all individuals equally without regard to race, ethnicity, or color, which critics argue may overlook systemic inequalities.