Exploitation Theory Is a

question 100

Multiple Choice

Exploitation theory is a

• A)Weberian theory that views racial subordination as benefiting society because it creates a supply of cheap labor.
• B)Parsonian theory that views ethnic subordination as a means of regulating social interactions between dominant and subordinate groups.
• C)Spencerian theory that views ethnic subordination as a valuable means of social control.
• D)Marxist theory that views racial subordination in the U.S.as a manifestation of the class system inherent in capitalism.

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Definitions:

Resource Allocation

The process of distributing available resources among various competing needs or uses in an effort to achieve maximum efficiency or to accomplish specific objectives.

Excise Tax

An indirect tax charged on the sale of a particular good or service, often included in the price of products like gasoline, alcohol, and tobacco.

Marginal Cost (MC) Curves

Graphs showing the cost of producing one additional unit of a good, illustrating how the cost varies with the level of output.