Waters Examines a Political Dimension in Ethnic and Racial Relations

question 3

Multiple Choice

Waters examines a political dimension in ethnic and racial relations revealed in

• A) the asymmetry between blacks and whites, in terms of power, education, stereotyping, historical experience, and choice of identity.
• B) the laws that control marriage, jobs, and housing.
• C) affirmative action, white backlash, and reverse discrimination.
• D) racially exclusive organizations, fraternities, and club sports on campus.

---

Definitions:

Market Demand

The overall amount of a product or service all buyers in a market can and want to buy at different price levels.

Market Output

The total quantity of a good or service produced and offered for sale in a market.

Long-Run Equilibrium

The state in which all inputs and outputs in a market have been adjusted so that there is no tendency for change in economic conditions.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar but not identical, leading to some degree of market power and price control.