In Regents of the University of California V

question 46

Multiple Choice

In Regents of the University of California v. Bakke (1978) , the U.S. Supreme Court

• A) invalidated all affirmative action programs nationwide, deeming them "reverse discrimination."
• B) ruled that race cannot be used as a factor in university admissions decisions.
• C) ruled that race cannot be the sole factor used in university admissions decisions.
• D) ruled that federal, state, and local affirmative action programs must be subject to strict scrutiny.
• E) stated that discriminatory laws must be narrowly tailored to meet a compelling government interest.

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Definitions:

Demand Curves

Graphical representations that show the relationship between the price of a good or service and the quantity demanded by consumers at various price levels.

Incumbent Firms

Established companies that currently dominate a sector or industry.

New Firms

Newly established business entities that often bring innovation, competition, and dynamism to their respective markets.

Long-Run Equilibrium

A state in which all factors of production and prices adjust fully to economic changes, with all markets clearing and no external pressures affecting supply and demand.