What Is Affirmative Action and When Did It Begin? Is

question 49

Essay

What is affirmative action and when did it begin? Is Regents of the University of California v. Bakke still the law of the land?

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Definitions:

Total Product

The total output or production by a firm using a given amount of inputs within a specific period.

Variable Input

A resource or factor of production whose quantity can be changed easily in the short term to adjust production levels.

Diminishing Marginal Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.

Variable Factor

An input or resource whose quantity can be changed in the short run to adjust production levels.