Tim Is a Construction Worker Who Is Unemployed

question 59

Multiple Choice

Tim is a construction worker who is unemployed.He blames the recent influx of Mexican immigrants for his inability to get a new job.This is an example of:

• A) prejudice
• B) pluralism
• C) immigration
• D) scapegoating
• E) new racism

---

Definitions:

Externalities

Economic side effects or consequences of an industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.

Coase Theorem

A principle that asserts if property rights are clearly defined and transaction costs are low, private negotiations will lead to the efficient resolution of disputes over the allocation of resources.

Transaction Costs

The costs that parties incur during the process of agreeing to and following through on a bargain.

Mutually Beneficial Agreement

An arrangement between parties where both or all receive benefits or advantages.