In a Market System, Resources Will Move Away from an Industry

question 186

Multiple Choice

In a market system, resources will move away from an industry when

• A) profits of firms in the industry are rising.
• B) demand for the industry's product is decreasing.
• C) the production of output in the industry is rising.
• D) profits of firms in other industries are falling.

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Definitions:

White Men

Describes individuals who are male and identify as belonging to the white racial group, often discussed in contexts involving privilege or social dynamics.

Institutional Racism

Systemic patterns of discrimination perpetuated by established and respected forces in society, such as governments, businesses, and schools.

Affirmative Action

A policy or a set of policies designed to promote the opportunities of historically marginalized groups in areas such as employment and education.

Educational Opportunities

Access to and the availability of educational resources and institutions that facilitate learning and personal development.