The Concept of a Ghetto Originally Referred to the Area

question 58

Multiple Choice

The concept of a ghetto originally referred to the area of a city

• A) inside the walls.
• B) inhabited by the lowest-income people.
• C) where Jews were forced to live.
• D) where most blacks lived.
• E) where the untouchable caste lived.

---

Definitions:

Long Run

A period of time in economics where all factors of production and costs can be varied, allowing for the adjustment of all inputs.

Corn Market

The trading environment for corn, including its production, distribution, and sale.

Economic Losses

Occurs when a company's total costs exceed its total revenues, indicating a negative economic profit.

Market Price

The ongoing rate at which an asset or service is being traded for in a certain marketplace.