When a Market Is in Equilibrium

question 37

Multiple Choice

When a market is in equilibrium:

• A)a person could do better if he or she did something different.
• B)people have exploited all opportunities to make themselves better off.
• C)government has directed the market in such a way as to achieve this point.
• D)markets are not working efficiently.

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Definitions:

Racial Formation

The sociohistorical process by which racial categories are created, inhabited, transformed, and destroyed.

Civil Rights

The rights of citizens to political and social freedom and equality, often associated with movements to end discrimination and unequal treatment based on race, gender, and other characteristics.

Grassroots

A movement or campaign that originates from the common populace rather than from political or professional leadership structures.

Secular

Relating to activities, attitudes, or values not associated with religious or spiritual matters.