Refer to the Above Diagram Showing the Domestic Demand and Supply

question 137

Multiple Choice

Refer to the above diagram showing the domestic demand and supply curves for a specific standardized product in a particular nation.If the world price for this product is $.50, this nation will experience a domestic:

• A)shortage of 160 units, which it will meet with 160 units of imports.
• B)shortage of 160 units, which will increase the domestic price to $1.60.
• C)surplus of 160 units which it will export.
• D)surplus of 160 units, which will reduce the world price to $1.00.

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Definitions:

Talented Tenth

A term popularized by W.E.B. Du Bois referring to the supposed ten percent of African Americans who could lead the race to greater advancements through higher education and intellectual achievement.

Niagara Movement

An early 20th-century African-American civil rights group advocating for political, civil, and social rights, precursor to the NAACP.

Educated Blacks

Refers to African Americans who have attained formal education, particularly during times when access to education for Blacks was severely restricted.

Social Change

Social change involves the significant alteration of social structures and cultural patterns over time, affecting institutions, behaviors, and relationships.