Which of the Following Was the Largest Minority Group in the United

question 37

Multiple Choice

Which of the following was the largest minority group in the United States in the year 2013?

• A) African Americans
• B) Native Americans
• C) Hispanics
• D) Asian Americans

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Definitions:

Industry's Output

The total production of goods or services generated by all firms operating within a specific industry.

Decreasing-Cost Industry

An industry characterized by a downward-sloping long-run supply curve, indicating lowering costs as industry output increases.

Increasing-Cost Industry

An industry in which production costs increase as output expands, often due to scarce resources or rising input prices.

Industry Expands

The process of a sector in the economy growing due to an increase in demand, production, and often, employment.