Which Factor Explains the Gap Between White Wealth and Black

question 1

Multiple Choice

Which factor explains the gap between White wealth and Black wealth?

• A) The government giving White families an exclusive economic head start.
• B) Income inequality is the link that that explains this social problem.
• C) Gender is the lurking variable in this situation.
• D) The government giving Black families government assistance like welfare.

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Definitions:

Industrial Regulation

Governmental regulation of industries to correct market failures, protect consumers, and preserve competitive markets.

Social Regulation

Rules and policies designed to correct market failures that affect people's health, safety, welfare, and social wellbeing.

Administrative Costs

Administrative Costs are expenses related to the general operation of a business, including expenses such as office supplies, salaries of non-production employees, and legal and accounting services.

Compliance Costs

Expenses that businesses incur to adhere to industry regulations, standards, and laws, including the costs of implementing necessary procedures and reporting.