Race, Like Ethnicity in General, Is

question 42

Multiple Choice

Race, like ethnicity in general, is

• A) a meaningless concept to people living day to day.
• B) a cultural category rather than a biological reality.
• C) poorly understood by geneticists and therefore considered a cultural category.
• D) a biological reality as much as a cultural one.
• E) used by social scientists to classify humans based on genes and shared blood.

Examine the impact of elasticity on labor supply and demand, including the effects of wage changes.

Understand the concept of supply elasticity and how to calculate it using the midpoint formula.

Analyze how elasticity affects government tax revenue and the burden of taxes on producers and consumers.

Recognize the behavioral implications of elasticity in public policy, such as the effectiveness of sin taxes.