Between 1950 and 1970, Suburbanization

question 80

Multiple Choice

Between 1950 and 1970, suburbanization

• A) allowed for whites and nonwhites to live in the same neighborhoods and attend the same schools.
• B) promoted gender equality.
• C) encouraged a large number of northern blacks to migrate south.
• D) strengthened racial divisions.
• E) welcomed thousands of Puerto Ricans.

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Definitions:

Support Price

A price level set by governments in order to maintain the market price of a good or service at a particular minimum level to protect producers.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, measuring the benefit to consumers from participation in the market.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market equilibrium.

Consumer Surplus

The variance between the amount buyers are ready to spend on a good or service and the amount they actually pay.