People Whose Ancestors Were Born in the Same Region and Who

question 74

Multiple Choice

People whose ancestors were born in the same region and who usually share the same language and religion are called a(n) _____.

• A) race
• B) ethnic group
• C) SES group
• D) exosystem

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Definitions:

Public Interest Theory

Suggests that regulations are supplied in response to the demand of the public for the correction of inefficient or inequitable market practices.

Price-fixing Theory

The economic analysis concerning agreements between competitors to sell a product or service at a set price, limiting competition.

Public Ownership

Ownership of assets, enterprises, or resources by governmental organizations rather than individuals or private companies.

Natural Monopolies

Market situations where a single supplier is more efficient in serving the entire market due to high fixed costs and significant economies of scale, commonly seen in utilities.