Which of the Following Statements Is True About the Trends

question 73

Multiple Choice

Which of the following statements is true about the trends prevalent among various ethnicities in the ethnic markets?

• A)​African Americans do not consider cultural/ethnic heritage is a critical part of their identity. 
• B)Hispanics of older generations are prone to be bilingual than Hispanic Millennials.
• C)Asian Americans retain strong core values even if they embrace American values. 
• D)​Asian Americans are less educated than any other minority group.

---

Definitions:

World Price

The international market price of a product or commodity, influenced by global supply and demand conditions.

Free Trade

An economic policy that allows imports and exports between countries with minimal or no barriers to trade, such as tariffs or quotas, encouraging international commerce.

Imported

Brought into a country from abroad for the purpose of selling.

Net Welfare Loss

Describes the reduction in social welfare, often resulting from inefficiencies such as taxes, subsidies, tariffs, or monopolies, which distort market equilibrium.