Which of the Following Is an Example of a Transaction

question 168

Multiple Choice

Which of the following is an example of a transaction taking place in the informal economy?

• A) a company paying a payroll tax for each employee
• B) a government agency offering a contract to the lowest bidder
• C) a housekeeper who is paid in cash and does not report her income
• D) a small U.S. company outsourcing tech support work to a company in India

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Definitions:

Model Minority

The model minority is a stereotype applied to a demographic group (often Asian Americans) perceived as achieving a higher degree of socioeconomic success than the population average, which can mask challenges and disparities within the group.

Racist Practice

Actions or policies that perpetuate discrimination or prejudice against people based on their race.

Subgroups

Smaller, distinct segments or categories within a larger group or category, often defined by specific characteristics.

Guilt and Shame

Emotional responses to perceptions of wrongdoing or inadequacy, with guilt relating to actions taken and shame to the self.