The Amount That a Person Would Accept in Order to Be

question 4

Multiple Choice

The amount that a person would accept in order to be compensated for a small loss in air quality is called his/her ________.

• A)willingness to pay
• B)willingness to accept
• C)consumer surplus
• D)change in consumer surplus

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Definitions:

Political Culture

The set of attitudes, beliefs, and sentiments that give order and meaning to a political process and which provide the underlying assumptions and rules that govern behavior in the political system.

Class Differences

Variances in socio-economic status, wealth, education, and power among different groups within society.

Racial

Pertaining to race, including identities, divisions, politics, and the social constructs associated with the concept of race.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, often influenced by social and cultural norms.