If the Money Price of Wheat Increases and No Other

question 97

Multiple Choice

If the money price of wheat increases and no other prices change, the

• A)relative price of wheat falls.
• B)demand for wheat increases.
• C)opportunity cost of wheat rises.
• D)relative price of wheat is unaffected.

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Definitions:

Split Labor Market

A labor market divided along racial, ethnic, or gender lines, leading to different conditions, wages, and opportunities for distinct groups.

Mexican Immigrants

Individuals from Mexico who move to another country, especially the United States, in search of better opportunities, often facing challenges including discrimination and acculturation.

Edna Bonacich

An American sociologist known for her work on ethnic and labor relations, especially concerning the economic dynamics of immigration and the exploitation within capitalist societies.

Racial Privileges

Advantages and entitlements granted to individuals based on their race, often at the expense of minority or marginalized groups, contributing to systemic inequality.